Short Interest in Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Drops By 38.3%

Key Points

• Short interest in Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) decreased significantly by 38.3% in September, falling from 128,500 to 79,300 shares.
• The firm announced an increase in its quarterly dividend to $0.238 per share, compared to the previous dividend of $0.10, reflecting a positive change in return for investors.
• A hedge fund, Halbert Hargrove Global Advisors LLC, acquired a new stake in Direxion Daily AMD Bull 2X Shares, purchasing 618 shares, valued at approximately $25,000.

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU - ) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 79,300 shares, a decline of 38.3% from the September 15th total of 128,500 shares. Based on an average trading volume of 269,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 269,000 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily AMD Bull 2X Shares Stock Down 2.1%

Shares of AMUU opened at $81.89 on Wednesday. The stock's fifty day simple moving average is $50.19 and its 200-day simple moving average is $35.65. Direxion Daily AMD Bull 2X Shares has a 12-month low of $11.12 and a 12-month high of $85.19.

Direxion Daily AMD Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.238 per share. This represents a $0.95 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 23rd. This is a positive change from Direxion Daily AMD Bull 2X Shares's previous quarterly dividend of $0.10.

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

A hedge fund recently bought a new stake in Direxion Daily AMD Bull 2X Shares stock. Halbert Hargrove Global Advisors LLC purchased a new position in Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 618 shares of the company's stock, valued at approximately $25,000. Halbert Hargrove Global Advisors LLC owned 0.10% of Direxion Daily AMD Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily AMD Bull 2X Shares 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.