Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Rises By 89.0%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 630,500 shares, an increase of 89.0% from the December 31st total of 333,600 shares. Based on an average daily trading volume, of 858,900 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily AMZN Bull 2X Shares Stock Up 2.5 %

Shares of AMZU traded up $1.18 during mid-day trading on Friday, hitting $48.62. 733,553 shares of the company’s stock traded hands, compared to its average volume of 645,427. The business’s 50-day moving average price is $43.82 and its 200-day moving average price is $36.51. The firm has a market capitalization of $220.25 million, a P/E ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $22.11 and a 1 year high of $50.40.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2818 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of AMZU. Toth Financial Advisory Corp lifted its position in Direxion Daily AMZN Bull 2X Shares by 44.7% during the 4th quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company’s stock valued at $53,000 after acquiring an additional 386 shares during the period. TRUE Private Wealth Advisors raised its stake in Direxion Daily AMZN Bull 2X Shares by 1.2% during the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock valued at $1,746,000 after buying an additional 639 shares during the last quarter. PayPay Securities Corp purchased a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at $31,000. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter worth $64,000. Finally, Empowered Funds LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth $262,000.

About Direxion Daily AMZN Bull 2X Shares

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.