Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Stock Price Down 5% – Time to Sell?

Shares of Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) dropped 5% during trading on Thursday . The company traded as low as $37.84 and last traded at $38.11. Approximately 272,797 shares changed hands during trading, an increase of 94% from the average daily volume of 140,358 shares. The stock had previously closed at $40.13.

Direxion Daily AMD Bull 2X Shares Trading Down 5.0%

The business has a fifty day moving average price of $43.20 and a 200 day moving average price of $28.86.

Direxion Daily AMD Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.1034 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion Daily AMD Bull 2X Shares’s previous quarterly dividend of $0.06.

Institutional Trading of Direxion Daily AMD Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily AMD Bull 2X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,705 shares of the company’s stock, valued at approximately $1,443,000. Jane Street Group LLC owned 6.28% of Direxion Daily AMD Bull 2X Shares at the end of the most recent quarter.

About Direxion Daily AMD Bull 2X Shares

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.