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

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDDGet Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 105,444 shares, a drop of 57.5% from the February 26th total of 248,275 shares. Based on an average daily volume of 19,551,590 shares, the short-interest ratio is currently 0.0 days. Currently, 11.1% of the shares of the stock are sold short.

Direxion Daily AMD Bear 1X Shares Stock Up 0.9%

Shares of Direxion Daily AMD Bear 1X Shares stock opened at $9.04 on Friday. Direxion Daily AMD Bear 1X Shares has a 1-year low of $7.44 and a 1-year high of $34.74. The firm’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $9.86.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.1138 dividend. This represents a $0.46 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily AMD Bear 1X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. boosted its stake in Direxion Daily AMD Bear 1X Shares by 103.2% in the third quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock worth $1,016,000 after purchasing an additional 35,733 shares in the last quarter. Jump Financial LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter valued at about $583,000. OLD Mission Capital LLC bought a new position in shares of Direxion Daily AMD Bear 1X Shares in the fourth quarter valued at about $525,000. Citadel Advisors LLC acquired a new position in Direxion Daily AMD Bear 1X Shares during the 3rd quarter worth about $587,000. Finally, Goldman Sachs Group Inc. bought a new stake in Direxion Daily AMD Bear 1X Shares during the 1st quarter worth about $664,000.

Direxion Daily AMD Bear 1X Shares Company Profile

(Get Free Report)

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.

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