Hollencrest Capital Management Purchases New Holdings in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

Hollencrest Capital Management purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $37,000.

Other large investors have also bought and sold shares of the company. TRUE Private Wealth Advisors grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.7% during the 1st quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company’s stock valued at $1,830,000 after purchasing an additional 915 shares in the last quarter. Capital CS Group LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the first quarter worth about $255,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth approximately $260,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU opened at $34.72 on Friday. The firm has a market capitalization of $182.28 million, a price-to-earnings ratio of 120.98 and a beta of -2.52. The business has a 50 day simple moving average of $30.86 and a two-hundred day simple moving average of $33.43. Direxion Daily AMZN Bull 2X Shares has a one year low of $19.37 and a one year high of $40.20.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a dividend of $0.2529 per share. This represents a $1.01 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Tuesday, June 25th.

Direxion Daily AMZN Bull 2X Shares 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.