Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 38.7% in November

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,300 shares, an increase of 38.7% from the November 15th total of 3,100 shares. Based on an average trading volume of 52,100 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned approximately 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent quarter.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $11.24 on Friday. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $11.05 and a 52-week high of $18.34. The business’s fifty day moving average is $12.82 and its 200-day moving average is $13.76.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed 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 was Tuesday, September 24th. This represents a $0.56 dividend on an annualized basis and a yield of 5.01%.

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.