Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 16.7% in January

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 31,500 shares, an increase of 16.7% from the January 15th total of 27,000 shares. Based on an average trading volume of 119,700 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $11.07 on Monday. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $10.44 and a 12 month high of $16.84. The stock has a fifty day moving average price of $11.11 and a 200-day moving average price of $12.81.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.1119 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMZD. Jump Financial LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter worth $618,000. Jane Street Group LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter worth $243,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 3rd quarter worth $168,000. Finally, PayPay Securities Corp bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter worth $64,000.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.