Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 33.3% in December

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 333,600 shares, a decline of 33.3% from the December 15th total of 499,800 shares. Based on an average daily trading volume, of 825,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X Shares in the second quarter valued at $37,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter worth about $297,000. Regal Investment Advisors LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $273,000. Traynor Capital Management Inc. raised 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 buying an additional 7,750 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the third quarter worth approximately $446,000.

Direxion Daily AMZN Bull 2X Shares Trading Up 3.6 %

Shares of Direxion Daily AMZN Bull 2X Shares stock traded up $1.52 on Friday, reaching $43.72. The stock had a trading volume of 348,425 shares, compared to its average volume of 539,741. The business’s 50 day moving average is $42.14 and its two-hundred day moving average is $35.95. The company has a market cap of $198.03 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 $22.11 and a 1 year high of $48.08.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

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

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.