Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU – Get Free Report)’s share price was up 12.3% during trading on Wednesday. The stock traded as high as $39.25 and last traded at $37.81. Approximately 3,919,960 shares were traded during trading, an increase of 34% from the average session volume of 2,931,985 shares. The stock had previously closed at $33.68.
Direxion Daily AMZN Bull 2X ETF Trading Up 12.3%
The company has a 50 day moving average of $35.34 and a 200 day moving average of $35.11. The firm has a market cap of $361.09 million, a price-to-earnings ratio of 32.75 and a beta of 2.51.
Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X ETF
Several institutional investors and hedge funds have recently made changes to their positions in AMZU. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X ETF in the 1st quarter valued at $752,000. SOA Wealth Advisors LLC. increased its position in shares of Direxion Daily AMZN Bull 2X ETF by 56.9% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after purchasing an additional 640 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Direxion Daily AMZN Bull 2X ETF during the 3rd quarter worth about $620,000. Parallel Advisors LLC increased its position in shares of Direxion Daily AMZN Bull 2X ETF by 75.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,500 shares of the company’s stock worth $119,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Tactive Advisors LLC increased its position in shares of Direxion Daily AMZN Bull 2X ETF by 20.0% during the 3rd quarter. Tactive Advisors LLC now owns 9,000 shares of the company’s stock worth $306,000 after purchasing an additional 1,500 shares in 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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