Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Shares Shorted: Short Interest Down 43.5% in September

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 79,978 shares, a drop of 43.5% from the September 15th total of 141,675 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average daily volume of 11,048,386 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily AMZN Bear 1X ETF Stock Performance

Direxion Daily AMZN Bear 1X ETF stock traded up $0.06 during trading hours on Thursday, reaching $8.63. 4,860,196 shares of the company’s stock traded hands, compared to its average volume of 11,456,418. Direxion Daily AMZN Bear 1X ETF has a fifty-two week low of $7.64 and a fifty-two week high of $11.77. The firm’s 50 day moving average is $8.50 and its 200-day moving average is $8.97.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X ETF

Several institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new position in Direxion Daily AMZN Bear 1X ETF in the first quarter valued at approximately $35,000. Hamilton Wealth LLC bought a new position in Direxion Daily AMZN Bear 1X ETF in the first quarter valued at approximately $330,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily AMZN Bear 1X ETF during the 1st quarter worth $1,479,000.

About Direxion Daily AMZN Bear 1X ETF

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.