Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Increase in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 153,820 shares, a growth of 77.0% from the December 31st total of 86,892 shares. Based on an average trading volume of 6,713,150 shares, the days-to-cover ratio is presently 0.0 days. Currently, 30.8% of the shares of the company are sold short. Currently, 30.8% of the shares of the company are sold short. Based on an average trading volume of 6,713,150 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

Institutional investors have recently bought and sold shares of the stock. PayPay Securities Corp lifted its holdings in Direxion Daily AMZN Bear 1X Shares by 96.1% in the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after buying an additional 1,857 shares during the period. Flow Traders U.S. LLC bought a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter worth $119,000. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter worth about $164,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily AMZN Bear 1X Shares by 986.9% during the third quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock valued at $606,000 after purchasing an additional 51,032 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter worth approximately $747,000.

Direxion Daily AMZN Bear 1X Shares Stock Up 1.1%

Shares of NASDAQ:AMZD opened at $9.71 on Friday. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $9.03 and a 12 month high of $15.25. The company has a 50 day moving average of $9.97 and a 200 day moving average of $10.29.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.0774 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.31 annualized dividend and a dividend yield of 3.2%.

About Direxion Daily AMZN Bear 1X Shares

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.