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

Shares of Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) traded down 6% on Tuesday . The company traded as low as $171.61 and last traded at $203.32. 284,223 shares traded hands during 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 Trading Up 15.6%

The business’s 50-day moving average price is $146.57 and its 200 day moving average price is $86.24.

Direxion Daily AMD Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.2253 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMUU. Jane Street Group LLC purchased a new position in shares of Direxion Daily AMD Bull 2X Shares during the 2nd quarter valued at $1,443,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion Daily AMD Bull 2X Shares during the third quarter worth about $78,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily AMD Bull 2X Shares by 410.5% during the third quarter. Optiver Holding B.V. now owns 21,781 shares of the company’s stock worth $886,000 after purchasing an additional 17,514 shares in the last quarter. Cresset Asset Management LLC purchased a new position in shares of Direxion Daily AMD Bull 2X Shares during the third quarter worth about $407,000. Finally, Hollencrest Capital Management purchased a new position in shares of Direxion Daily AMD Bull 2X Shares during the fourth quarter worth about $44,000.

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.