Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Shares Down 6% – Time to Sell?

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU)’s share price traded down 6% during mid-day trading on Tuesday . The company traded as low as $171.61 and last traded at $203.32. 284,223 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 168,615 shares. The stock had previously closed at $216.40.

Direxion Daily AMD Bull 2X Shares Stock Down 6.0%

The firm’s 50 day moving average price is $140.31 and its 200-day moving average price is $84.27.

Direxion Daily AMD Bull 2X 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 given a $0.2253 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in Direxion Daily AMD Bull 2X Shares during the 4th quarter valued at $44,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily AMD Bull 2X Shares in the 3rd quarter worth $78,000. Cresset Asset Management LLC purchased a new position in shares of Direxion Daily AMD Bull 2X Shares in the 3rd quarter worth $407,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily AMD Bull 2X Shares by 410.5% in the third 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. Finally, Jane Street Group LLC purchased a new stake in Direxion Daily AMD Bull 2X Shares during the second quarter valued at $1,443,000.

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.