Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 9,600 shares, a growth of 104.3% from the October 15th total of 4,700 shares. Based on an average trading volume of 47,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned approximately 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of AMZD traded up $0.58 during mid-day trading on Friday, hitting $12.69. The stock had a trading volume of 41,089 shares, compared to its average volume of 44,399. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $11.87 and a fifty-two week high of $19.00. The company’s fifty day simple moving average is $13.53 and its two-hundred day simple moving average is $14.05.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1408 dividend. This represents a $0.56 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, September 24th.

About Direxion Daily AMZN Bear 1X Shares

The Direxion Daily AMZN Bear 1X Shares ETF (AMZD) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZD was launched on Sep 7, 2022 and is managed by Direxion.