Shares of Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $35.11 and traded as high as $39.25. Direxion Daily AMZN Bull 2X ETF shares last traded at $37.81, with a volume of 3,919,960 shares trading hands.
Direxion Daily AMZN Bull 2X ETF Price Performance
The company has a market cap of $361.09 million, a P/E ratio of 32.75 and a beta of 2.51. The business’s 50 day moving average price is $35.34 and its 200-day moving average price is $35.11.
Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. StoneX Group Inc. acquired a new position in shares of Direxion Daily AMZN Bull 2X ETF during the third quarter worth approximately $620,000. Parallel Advisors LLC boosted its position in Direxion Daily AMZN Bull 2X ETF by 75.0% in the 3rd quarter. Parallel Advisors LLC now owns 3,500 shares of the company’s stock valued at $119,000 after buying an additional 1,500 shares during the last quarter. Tactive Advisors LLC increased its stake in shares of Direxion Daily AMZN Bull 2X ETF by 20.0% in the 3rd quarter. Tactive Advisors LLC now owns 9,000 shares of the company’s stock valued at $306,000 after buying an additional 1,500 shares during the period. Turner Financial Group Inc. bought a new stake in shares of Direxion Daily AMZN Bull 2X ETF during the second quarter worth $295,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in Direxion Daily AMZN Bull 2X ETF by 56.9% in the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after acquiring an additional 640 shares during the last quarter.
Direxion Daily AMZN Bull 2X ETF Company Profile
The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.
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