Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) Stock Price Down 0.6% – Time to Sell?

Shares of Direxion Daily AMD Bear 1X Shares (NASDAQ:AMDD) fell 0.6% on Monday . The company traded as low as $8.93 and last traded at $9.22. 41,909,223 shares traded hands during mid-day trading, an increase of 201% from the average session volume of 13,917,120 shares. The stock had previously closed at $9.28.

Direxion Daily AMD Bear 1X Shares Stock Performance

The business has a fifty day moving average of $8.98 and a 200 day moving average of $9.92.

Direxion Daily AMD Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.1138 per share. This represents a $0.46 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Direxion Daily AMD Bear 1X Shares in the second quarter worth about $225,000. Susquehanna International Group LLP bought a new stake in Direxion Daily AMD Bear 1X Shares during the 3rd quarter valued at approximately $292,000. Goldman Sachs Group Inc. bought a new stake in Direxion Daily AMD Bear 1X Shares during the 1st quarter valued at approximately $664,000. Optiver Holding B.V. grew its holdings in shares of Direxion Daily AMD Bear 1X Shares by 103.2% during the 3rd quarter. Optiver Holding B.V. now owns 70,344 shares of the company’s stock worth $1,016,000 after acquiring an additional 35,733 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Direxion Daily AMD Bear 1X Shares during the 3rd quarter worth approximately $587,000.

About Direxion Daily AMD Bear 1X Shares

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.