Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 153.7% in December

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 15th total of 35,000 shares. Based on an average daily volume of 58,600 shares, the short-interest ratio is currently 1.5 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $11.58 on Tuesday. The business’s 50-day moving average price is $11.79 and its two-hundred day moving average price is $13.29. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $10.97 and a 1 year high of $17.63.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.1119 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought 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 bought 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned approximately 4.06% of Direxion Daily AMZN Bear 1X Shares as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.