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

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 120,827 shares, a growth of 370.9% from the December 31st total of 25,657 shares. Currently, 15.7% of the company’s stock are sold short. Based on an average trading volume of 168,153 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 168,153 shares, the short-interest ratio is presently 0.7 days. Currently, 15.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily AMD Bull 2X Shares

A number of institutional investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC bought a new position in Direxion Daily AMD Bull 2X Shares during the third quarter worth about $407,000. Optiver Holding B.V. boosted its stake in shares of Direxion Daily AMD Bull 2X Shares by 410.5% during the 3rd quarter. Optiver Holding B.V. now owns 21,781 shares of the company’s stock worth $886,000 after acquiring an additional 17,514 shares during the period. Jane Street Group LLC bought a new stake in Direxion Daily AMD Bull 2X Shares in the 2nd quarter valued at $1,443,000. SBI Securities Co. Ltd. bought a new position in Direxion Daily AMD Bull 2X Shares during the third quarter worth $78,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Direxion Daily AMD Bull 2X Shares in the third quarter valued at $25,000.

Direxion Daily AMD Bull 2X Shares Trading Up 0.7%

AMUU opened at $73.98 on Wednesday. The business’s 50-day simple moving average is $59.80 and its 200 day simple moving average is $58.07. Direxion Daily AMD Bull 2X Shares has a 52-week low of $11.12 and a 52-week high of $101.84.

Direxion Daily AMD Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.3171 dividend. This represents a $1.27 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Direxion Daily AMD Bull 2X Shares

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.