Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) Stock Price Down 15.1% – Here’s Why

Direxion Daily AMD Bull 2X ETF (NASDAQ:AMUU) shares dropped 15.1% on Monday. The stock traded as low as $153.23 and last traded at $153.45. 72,452 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 124,788 shares. The stock had previously closed at $180.84.

Direxion Daily AMD Bull 2X ETF Stock Up 1.8%

The company’s fifty day simple moving average is $227.53 and its 200-day simple moving average is $160.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC purchased a new stake in Direxion Daily AMD Bull 2X ETF in the third quarter valued at about $88,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily AMD Bull 2X ETF during the second quarter worth about $92,000. Finally, Optiver Holding B.V. grew its stake in shares of Direxion Daily AMD Bull 2X ETF by 40.7% during the first quarter. Optiver Holding B.V. now owns 29,092 shares of the company’s stock worth $1,239,000 after acquiring an additional 8,415 shares during the last quarter.

About Direxion Daily AMD Bull 2X ETF

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.