Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Sees Large Growth in Short Interest

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 76,324 shares, an increase of 255.0% from the August 15th total of 21,501 shares. Currently, 17.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,854 shares, the days-to-cover ratio is currently 1.4 days.

Direxion Daily AMD Bull 2X ETF Stock Performance

Direxion Daily AMD Bull 2X ETF stock traded up $9.50 during mid-day trading on Friday, hitting $204.10. 45,008 shares of the company were exchanged, compared to its average volume of 140,538. The business has a fifty day moving average of $198.40 and a 200 day moving average of $156.24. Direxion Daily AMD Bull 2X ETF has a 1-year low of $35.19 and a 1-year high of $293.65.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMUU. Jane Street Group LLC bought a new stake in Direxion Daily AMD Bull 2X ETF during the 2nd quarter worth approximately $1,443,000. Cresset Asset Management LLC acquired a new position in Direxion Daily AMD Bull 2X ETF in the third quarter worth $407,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily AMD Bull 2X ETF by 40.7% during the first quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock worth $1,239,000 after purchasing an additional 8,415 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AMD Bull 2X ETF in the fourth quarter valued at $44,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily AMD Bull 2X ETF in the second quarter valued at $92,000.

Direxion Daily AMD Bull 2X ETF Company Profile

The Direxion Daily AMD Bull 2X Shares ETF (AMUU) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMUU was launched on Feb 12, 2025 and is issued by Direxion.