Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Declines By 22.1%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 716,800 shares, a drop of 22.1% from the March 15th total of 920,200 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average daily volume of 1,177,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $1,164,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth about $1,043,000. Virtu Financial LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the third quarter worth $1,158,000. IMC Chicago LLC grew its stake in Direxion Daily AMZN Bull 2X Shares by 203.6% in the fourth quarter. IMC Chicago LLC now owns 48,433 shares of the company’s stock valued at $2,035,000 after acquiring an additional 32,482 shares during the period. Finally, Toth Financial Advisory Corp increased its stake in Direxion Daily AMZN Bull 2X Shares by 44.7% during the 4th quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company’s stock worth $53,000 after purchasing an additional 386 shares in the last quarter.

Direxion Daily AMZN Bull 2X Shares Stock Down 2.1 %

NASDAQ AMZU opened at $23.80 on Friday. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $21.28 and a 12-month high of $50.61. The company has a 50 day moving average price of $33.16 and a two-hundred day moving average price of $38.10. The stock has a market capitalization of $176.12 million, a PE ratio of 41.93 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.2007 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Tuesday, March 25th.

Direxion Daily AMZN Bull 2X Shares Company Profile

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.