Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $159.19 and traded as low as $153.23. Direxion Daily AMD Bull 2X ETF shares last traded at $153.45, with a volume of 72,452 shares trading hands.

Direxion Daily AMD Bull 2X ETF Stock Down 15.1%

The company has a fifty day simple moving average of $227.71 and a 200 day simple moving average of $159.19.

Hedge Funds Weigh In On Direxion Daily AMD Bull 2X ETF

Several large investors have recently modified their holdings of AMUU. Optiver Holding B.V. lifted its stake in shares of Direxion Daily AMD Bull 2X ETF by 40.7% in the first quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock worth $1,239,000 after buying an additional 8,415 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF during the second quarter valued at approximately $92,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF during the third quarter valued at approximately $88,000.

Direxion Daily AMD Bull 2X ETF Company Profile

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.