Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Grows By 89.0%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 630,500 shares, a growth of 89.0% from the December 31st total of 333,600 shares. Based on an average trading volume of 858,900 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU stock traded up $2.02 during midday trading on Friday, hitting $49.46. The stock had a trading volume of 406,486 shares, compared to its average volume of 626,617. The firm has a market cap of $224.06 million, a PE ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $22.11 and a 12-month high of $50.40. The company’s 50-day moving average price is $43.82 and its 200 day moving average price is $36.51.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2818 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at $1,164,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at $1,158,000. IMC Chicago LLC boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 203.6% in the 4th quarter. IMC Chicago LLC now owns 48,433 shares of the company’s stock valued at $2,035,000 after purchasing an additional 32,482 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at $446,000. Finally, Traynor Capital Management Inc. lifted its holdings in shares of 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 valued at $697,000 after acquiring an additional 7,750 shares in the last quarter.

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.