Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Short Interest Up 62.5% in May

Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 307,086 shares, a growth of 62.5% from the April 30th total of 188,956 shares. Approximately 7.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,508,651 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AMD Bear 1X Shares Trading Down 2.6%

AMDD traded down $0.08 during trading on Wednesday, reaching $3.05. The company’s stock had a trading volume of 9,332,025 shares, compared to its average volume of 16,921,463. The firm has a fifty day simple moving average of $5.91 and a two-hundred day simple moving average of $8.04. Direxion Daily AMD Bear 1X Shares has a 1 year low of $2.99 and a 1 year high of $21.45.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1138 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares in the first quarter valued at approximately $116,000. Jane Street Group LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares during the 2nd quarter worth about $225,000. Susquehanna International Group LLP purchased a new stake in Direxion Daily AMD Bear 1X Shares during the 3rd quarter worth about $292,000. OLD Mission Capital LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares during the 4th quarter worth about $525,000. Finally, IMC Chicago LLC purchased a new stake in Direxion Daily AMD Bear 1X Shares during the 1st quarter worth about $551,000.

About Direxion Daily AMD Bear 1X Shares

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.