Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 66.5% in October

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 519,400 shares, a growth of 66.5% from the September 30th total of 312,000 shares. Based on an average daily volume of 714,400 shares, the days-to-cover ratio is currently 0.7 days.

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

A number of institutional investors have recently bought and sold shares of the business. Traynor Capital Management Inc. boosted its position in Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after acquiring an additional 7,750 shares during the period. Client First Investment Management LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth about $297,000. Regal Investment Advisors LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $273,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $37,000.

Direxion Daily AMZN Bull 2X Shares Trading Up 1.4 %

Shares of AMZU opened at $32.60 on Friday. The business’s 50-day moving average price is $31.75 and its 200 day moving average price is $33.24. The stock has a market capitalization of $151.59 million, a P/E ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $19.37 and a 1-year high of $40.20.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.3042 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. This represents a $1.22 dividend on an annualized basis and a yield of 3.73%.

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.