Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) shares crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $25.40 and traded as low as $24.20. Direxion Daily AMD Bear 1X ETF shares last traded at $24.52, with a volume of 1,299,864 shares trading hands.

Direxion Daily AMD Bear 1X ETF Trading Down 13.4%

The stock has a fifty day moving average price of $25.40 and a two-hundred day moving average price of $47.83.

Institutional Trading of Direxion Daily AMD Bear 1X ETF

A hedge fund recently bought a new stake in Direxion Daily AMD Bear 1X ETF stock. Renaissance Technologies LLC acquired a new stake in Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,000 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned about 0.31% of Direxion Daily AMD Bear 1X ETF at the end of the most recent reporting period.

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.