Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 262,164 shares, an increase of 1,365.9% from the May 31st total of 17,884 shares. Based on an average daily volume of 16,068,905 shares, the days-to-cover ratio is presently 0.0 days. Approximately 14.8% of the shares of the company are sold short.

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

Several hedge funds have recently bought and sold shares of AMZD. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth approximately $119,000. Jane Street Group LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth approximately $1,029,000. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth approximately $164,000. Advisory Services Network LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth approximately $747,000. Finally, Optiver Holding B.V. boosted its stake in Direxion Daily AMZN Bear 1X Shares by 986.9% in the 3rd 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 during the period.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of NASDAQ:AMZD traded up $0.31 on Thursday, hitting $9.94. The company had a trading volume of 19,390,808 shares, compared to its average volume of 11,273,625. The stock has a 50 day moving average price of $8.93 and a 200 day moving average price of $9.91. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $8.19 and a 1-year high of $11.77.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.0623 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 2.5%.

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.