Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Declines By 86.2%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 4,700 shares, a drop of 86.2% from the September 30th total of 34,100 shares. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Stock Down 0.7 %

AMZD stock traded down $0.10 on Friday, reaching $13.70. 5,066 shares of the company traded hands, compared to its average volume of 40,771. Direxion Daily AMZN Bear 1X Shares has a one year low of $12.99 and a one year high of $22.56. The firm has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $14.23.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.1408 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.56 annualized dividend and a yield of 4.11%.

Direxion Daily AMZN Bear 1X Shares Company Profile

The Direxion Daily AMZN Bear 1X Shares ETF (AMZD) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZD was launched on Sep 7, 2022 and is managed by Direxion.