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

Key Points

• Short interest surged 86.4% to 21,501 shares as of August 14, representing about 4.8% of AMUU’s shares outstanding. Despite the increase, the fund’s days-to-cover ratio remains low at 0.2 days.
• Several institutional investors established or increased positions, including Jane Street Group, Optiver Holding, Tucker Asset Management, and others.
• AMUU fell $8.13 to $168.21 in Friday trading and has traded between $35.19 and $293.65 over the past year. The ETF offers 2x daily leveraged exposure to AMD and recently paid a quarterly dividend of $0.6762 per share.

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU - ) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 21,501 shares, an increase of 86.4% from the July 30th total of 11,537 shares. Approximately 4.8% of the company's stock are short sold. Based on an average trading volume of 110,377 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Direxion Daily AMD Bull 2X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMUU. Hollencrest Capital Management purchased a new position in shares of Direxion Daily AMD Bull 2X Shares in the 4th quarter valued at approximately $44,000. Tucker Asset Management LLC acquired a new position in Direxion Daily AMD Bull 2X Shares during the 2nd quarter valued at approximately $92,000. Cresset Asset Management LLC acquired a new position in Direxion Daily AMD Bull 2X Shares during the 3rd quarter valued at approximately $407,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily AMD Bull 2X Shares by 40.7% in the first quarter. Optiver Holding B.V. now owns 29,092 shares of the company's stock worth $1,239,000 after buying an additional 8,415 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMD Bull 2X Shares during the second quarter worth $1,443,000.

Direxion Daily AMD Bull 2X Shares Price Performance

AMUU traded down $8.13 during trading on Friday, hitting $168.21. The stock had a trading volume of 40,256 shares, compared to its average volume of 145,394. The stock has a 50 day simple moving average of $211.58 and a two-hundred day simple moving average of $146.83. Direxion Daily AMD Bull 2X Shares has a twelve month low of $35.19 and a twelve month high of $293.65.

Direxion Daily AMD Bull 2X Shares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.6762 per share. This represents a $2.70 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, June 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.

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