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

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

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Several institutional investors have recently bought and sold shares of AMZU. TRUE Private Wealth Advisors raised its position in shares of Direxion Daily AMZN Bull 2X Shares by 0.8% in the fourth quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company’s stock valued at $2,281,000 after purchasing an additional 442 shares during the period. Optiver Holding B.V. grew its stake in Direxion Daily AMZN Bull 2X Shares by 340.7% in the 4th quarter. Optiver Holding B.V. now owns 53,029 shares of the company’s stock valued at $2,228,000 after buying an additional 40,995 shares in the last quarter. IMC Chicago LLC raised its holdings in Direxion Daily AMZN Bull 2X Shares by 203.6% during the 4th 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. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth $1,164,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter worth $1,158,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU opened at $23.80 on Friday. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $21.28 and a 1 year high of $50.61. The company has a market capitalization of $176.12 million, a price-to-earnings ratio of 41.93 and a beta of -2.52. The firm’s fifty day moving average price is $33.16 and its two-hundred day moving average price is $38.10.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid 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.

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.