Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 25.7% in December

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 499,800 shares, a decrease of 25.7% from the November 30th total of 673,000 shares. Based on an average trading volume of 830,100 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily AMZN Bull 2X Shares Stock Down 2.8 %

Direxion Daily AMZN Bull 2X Shares stock traded down $1.25 during mid-day trading on Friday, reaching $43.89. The company had a trading volume of 513,004 shares, compared to its average volume of 603,810. The company has a 50 day moving average of $39.87 and a 200-day moving average of $35.25. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $22.11 and a 52 week high of $48.08. The firm has a market cap of $216.38 million, a price-to-earnings ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.2818 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Several institutional investors have recently bought and sold shares of the stock. TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% during the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock valued at $1,746,000 after acquiring an additional 639 shares during the period. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth approximately $1,164,000. Virtu Financial LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at $1,158,000. Traynor Capital Management Inc. raised its position in Direxion Daily AMZN Bull 2X Shares by 56.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock valued at $697,000 after purchasing an additional 7,750 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth $446,000.

Direxion Daily AMZN Bull 2X Shares Company 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.