Direxion Daily AMD Bear 1X Shares is trading at $2.95, down 4.7% from its previous close as investors unwind bearish or hedged equity positions amid improving risk appetite.
- A strong global risk-on tone is being driven by a tentative U.S.–Iran peace deal and sharply lower oil prices.
- Rising U.S. equity futures are lifting the broad market, placing significant downward pressure on inverse equity products.
- The price action reflects a shift in sentiment as geopolitical tensions ease and market participants move away from defensive hedges.