Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Drops By 88.5%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 132,716 shares, a drop of 88.5% from the July 30th total of 1,149,545 shares. Based on an average daily trading volume, of 10,014,087 shares, the short-interest ratio is currently 0.0 days. Approximately 10.8% of the shares of the company are short sold.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jump Financial LLC lifted 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 worth $1,884,000 after purchasing an additional 155,137 shares during the period. IMC Chicago LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares in the 1st quarter valued at $1,479,000. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $1,029,000. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 1st quarter valued at $990,000. Finally, Advisory Services Network LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth about $747,000.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.7%

AMZD traded up $0.14 on Thursday, hitting $8.57. 6,805,128 shares of the stock traded hands, compared to its average volume of 11,618,316. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $7.64 and a 52 week high of $11.77. The business has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $9.57.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given 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 2.9%.

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.