Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $25.66 and traded as high as $26.94. Direxion Daily AMD Bear 1X ETF shares last traded at $26.43, with a volume of 343,912 shares traded.

Direxion Daily AMD Bear 1X ETF Trading Up 10.9%

The stock’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $49.59.

Institutional Investors Weigh In On Direxion Daily AMD Bear 1X ETF

An institutional investor recently bought a new position in Direxion Daily AMD Bear 1X ETF stock. IMC Chicago LLC purchased a new stake in Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,470 shares of the company’s stock, valued at approximately $551,000. IMC Chicago LLC owned approximately 1.45% of Direxion Daily AMD Bear 1X ETF as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily AMD Bear 1X ETF Company Profile

The Direxion Daily AMD Bear 1X Shares (AMDD) is an exchange-traded fund that mostly invests in information technology equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of AMD stock. AMDD was launched on Feb 12, 2025 and is issued by Direxion.