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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 105,444 shares, a decrease of 57.5% from the February 26th total of 248,275 shares. Currently, 11.1% of the company’s shares are short sold. Based on an average daily volume of 19,551,590 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Direxion Daily AMD Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the 2nd quarter worth about $225,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the 3rd quarter valued at about $292,000. OLD Mission Capital LLC bought a new stake in shares of Direxion Daily AMD Bear 1X Shares during the 4th quarter valued at about $525,000. Jump Financial LLC acquired a new stake in Direxion Daily AMD Bear 1X Shares during the fourth quarter worth approximately $583,000. Finally, Citadel Advisors LLC acquired a new stake in Direxion Daily AMD Bear 1X Shares during the third quarter worth approximately $587,000.

Direxion Daily AMD Bear 1X Shares Stock Performance

Shares of NASDAQ AMDD opened at $8.34 on Thursday. The company’s 50 day moving average price is $8.98 and its 200-day moving average price is $9.92. Direxion Daily AMD Bear 1X Shares has a 52-week low of $7.44 and a 52-week high of $34.74.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a dividend of $0.1138 per share. This represents a $0.46 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

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.