Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 153.7% in January

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 31st total of 35,000 shares. Based on an average trading volume of 58,600 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily AMZN Bear 1X Shares Stock Down 1.1 %

Shares of AMZD opened at $10.62 on Wednesday. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $10.46 and a twelve month high of $17.11. The company has a 50 day moving average of $11.53 and a 200-day moving average of $13.14.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

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

About Direxion Daily AMZN Bear 1X Shares

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.