Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU) Stock Price Up 3.2% – Here’s Why

Direxion Daily AMD Bull 2X Shares (NASDAQ:AMUU)’s share price shot up 3.2% during trading on Thursday . The company traded as high as $45.20 and last traded at $44.95. 164,798 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 207,430 shares. The stock had previously closed at $43.54.

Direxion Daily AMD Bull 2X Shares Stock Performance

The business has a 50-day simple moving average of $56.56 and a two-hundred day simple moving average of $58.94.

Direxion Daily AMD Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a dividend of $0.3171 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $1.27 annualized dividend and a yield of 2.8%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Direxion Daily AMD Bull 2X Shares during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMD Bull 2X Shares during the 4th quarter worth about $44,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily AMD Bull 2X Shares in the 3rd quarter valued at about $78,000. Cresset Asset Management LLC bought a new position in Direxion Daily AMD Bull 2X Shares during the third quarter worth about $407,000. Finally, Optiver Holding B.V. raised its stake in Direxion Daily AMD Bull 2X Shares by 410.5% in the third quarter. Optiver Holding B.V. now owns 21,781 shares of the company’s stock valued at $886,000 after buying an additional 17,514 shares during the period.

Direxion Daily AMD Bull 2X Shares 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.