Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Declines By 25.7%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 499,800 shares, a decline of 25.7% from the November 30th total of 673,000 shares. Based on an average daily trading volume, of 830,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently made changes to their positions in AMZU. Virtu Financial LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $1,158,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at approximately $446,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $297,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter worth approximately $37,000. Finally, Traynor Capital Management Inc. lifted its stake in Direxion Daily AMZN Bull 2X Shares by 56.4% in the third quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock valued at $697,000 after purchasing an additional 7,750 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Stock Down 2.8 %

AMZU stock opened at $43.89 on Friday. The business has a 50 day moving average of $39.87 and a 200-day moving average of $35.25. The firm has a market cap of $216.38 million, a PE ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $22.11 and a 12-month high of $48.08.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.2818 per share. The ex-dividend date of this dividend is Monday, December 23rd.

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.