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

Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $25.66 and traded as high as $26.94. Direxion Daily AMD Bear 1X ETF shares last traded at $26.43, with a volume of 343,912 shares.

Direxion Daily AMD Bear 1X ETF Price Performance

The firm has a fifty day moving average of $25.66 and a 200-day moving average of $49.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily AMD Bear 1X ETF stock. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily AMD Bear 1X ETF (NASDAQ:AMDD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,000 shares of the company’s stock, valued at approximately $116,000. Renaissance Technologies LLC owned approximately 0.31% of Direxion Daily AMD Bear 1X ETF as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily AMD Bear 1X ETF

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.