Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) shares 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 changing hands.

Direxion Daily AMD Bear 1X ETF Trading Up 10.9%

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

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

A hedge fund recently bought a new position in Direxion Daily AMD Bear 1X ETF stock. Renaissance Technologies LLC bought a new position in shares of Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,000 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned 0.31% of Direxion Daily AMD Bear 1X ETF as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily AMD Bear 1X ETF

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.