Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Down 67.7% in November

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,100 shares, a drop of 67.7% from the October 31st total of 9,600 shares. Based on an average daily trading volume, of 51,300 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.0 %

Shares of AMZD opened at $12.42 on Thursday. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $11.87 and a 52 week high of $18.62. The stock has a 50 day moving average of $13.25 and a 200-day moving average of $13.96.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.1408 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.56 annualized dividend and a yield of 4.54%.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares as of its most recent SEC filing.

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.