Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Drops By 71.9%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 73,750 shares, a decrease of 71.9% from the June 15th total of 262,164 shares. Currently, 6.1% of the company’s shares are sold short. Based on an average daily trading volume, of 16,488,658 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.8%

Shares of AMZD opened at $9.13 on Tuesday. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $8.19 and a 1-year high of $11.77. The firm has a 50-day simple moving average of $9.02 and a two-hundred day simple moving average of $9.83.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.0623 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC raised its position in Direxion Daily AMZN Bear 1X Shares by 482.4% in the fourth quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock valued at $1,884,000 after purchasing an additional 155,137 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the first quarter valued at $1,479,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter valued at $1,029,000. Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the first quarter valued at $990,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $747,000.

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.