Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Stock Price Down 1.7% – Here’s Why

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD)’s share price dropped 1.7% during mid-day trading on Monday. The stock traded as low as $24.57 and last traded at $25.36. Approximately 228,083 shares traded hands during trading, a decline of 83% from the average daily volume of 1,359,969 shares. The stock had previously closed at $25.81.

Direxion Daily AMD Bear 1X ETF Trading Down 3.4%

The business’s fifty day moving average price is $26.36 and its 200 day moving average price is $35.10.

Institutional Trading of Direxion Daily AMD Bear 1X ETF

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