Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 691.3% in July

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 1,149,545 shares, a growth of 691.3% from the July 15th total of 145,276 shares. Based on an average daily trading volume, of 15,109,216 shares, the days-to-cover ratio is currently 0.1 days. Approximately 93.5% of the company’s shares are sold short.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD stock traded up $0.08 during mid-day trading on Thursday, reaching $8.28. The company had a trading volume of 6,919,989 shares, compared to its average volume of 11,802,362. The firm has a 50 day moving average of $9.13 and a 200 day moving average of $9.67. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $7.64 and a 12 month high of $11.77.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.0623 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.0%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares during the 1st quarter worth $990,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the first quarter valued at about $1,479,000. Geneos Wealth Management Inc. purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the first quarter worth about $35,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter worth about $119,000. Finally, PayPay Securities Corp grew its holdings in Direxion Daily AMZN Bear 1X Shares by 69.1% during the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after acquiring an additional 2,618 shares in the last quarter.

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.