Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Large Drop in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 134,300 shares, a drop of 73.2% from the June 30th total of 500,400 shares. Based on an average daily volume of 680,300 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital CS Group LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the first quarter valued at approximately $255,000. Virtu Financial LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at $260,000. Traynor Capital Management Inc. raised its holdings in Direxion Daily AMZN Bull 2X Shares by 4.3% during the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock valued at $425,000 after buying an additional 650 shares during the last quarter. IMC Chicago LLC boosted its position in Direxion Daily AMZN Bull 2X Shares by 44.9% during the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock valued at $660,000 after buying an additional 7,525 shares during the period. Finally, TRUE Private Wealth Advisors grew its holdings in Direxion Daily AMZN Bull 2X Shares by 0.9% in the 4th quarter. TRUE Private Wealth Advisors now owns 52,821 shares of the company’s stock worth $1,435,000 after acquiring an additional 478 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Stock Up 2.9 %

Direxion Daily AMZN Bull 2X Shares stock opened at $32.80 on Friday. The firm has a fifty day simple moving average of $35.25 and a two-hundred day simple moving average of $33.51. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $19.37 and a twelve month high of $40.20. The company has a market capitalization of $164 million, a PE ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were issued a dividend of $0.2529 per share. This represents a $1.01 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, June 25th.

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.