Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Sees Large Increase in Short Interest

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 151,500 shares, an increase of 286.5% from the September 30th total of 39,200 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 2,875,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,875,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.5% of the shares of the company are sold short.

Direxion Daily AMD Bear 1X Shares Trading Up 0.6%

AMDD opened at $8.23 on Wednesday. The firm’s fifty day moving average price is $12.77 and its two-hundred day moving average price is $17.26. Direxion Daily AMD Bear 1X Shares has a fifty-two week low of $8.03 and a fifty-two week high of $34.74.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.1029 per share. This represents a $0.41 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 23rd.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMD Bear 1X Shares stock. Jane Street Group LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 13,260 shares of the company’s stock, valued at approximately $225,000. Jane Street Group LLC owned approximately 5.30% of Direxion Daily AMD Bear 1X Shares as of its most recent filing with the SEC.

Direxion Daily AMD Bear 1X Shares Company Profile

The Direxion Daily AMD Bear 1X Shares (AMDD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMDD was launched on Feb 12, 2025 and is issued by Direxion.