TRUE Private Wealth Advisors Acquires 639 Shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

TRUE Private Wealth Advisors raised its holdings in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,836 shares of the company’s stock after purchasing an additional 639 shares during the quarter. TRUE Private Wealth Advisors owned 1.09% of Direxion Daily AMZN Bull 2X Shares worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Traynor Capital Management Inc. boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after buying an additional 7,750 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the third quarter worth about $446,000. Client First Investment Management LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the second quarter valued at approximately $297,000. Regal Investment Advisors LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the second quarter valued at approximately $273,000. Finally, Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X Shares during the second quarter valued at $37,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

NASDAQ:AMZU opened at $39.03 on Friday. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $22.11 and a 1 year high of $42.50. The business has a fifty day simple moving average of $35.01 and a two-hundred day simple moving average of $33.73. The company has a market capitalization of $192.42 million, a P/E ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.3042 dividend. This is a boost from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. This represents a $1.22 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Tuesday, September 24th.

About Direxion Daily AMZN Bull 2X Shares

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.