Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Increases By 25.6%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 920,200 shares, a growth of 25.6% from the February 28th total of 732,400 shares. Approximately 20.7% of the shares of the company are short sold. Based on an average trading volume of 925,400 shares, the short-interest ratio is presently 1.0 days.

Direxion Daily AMZN Bull 2X Shares Stock Down 2.6 %

NASDAQ AMZU opened at $29.96 on Tuesday. The firm’s 50-day simple moving average is $40.01 and its two-hundred day simple moving average is $38.97. The company has a market cap of $133.32 million, a PE ratio of 45.17 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $22.12 and a 52 week high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.2007 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, March 25th.

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

Large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the third quarter valued at approximately $1,164,000. Virtu Financial LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at approximately $1,158,000. IMC Chicago LLC lifted 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 worth $2,035,000 after acquiring an additional 32,482 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter valued at about $446,000. Finally, Simplex Trading LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth approximately $1,043,000.

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.