Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Significant Decline in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 333,600 shares, a drop of 33.3% from the December 15th total of 499,800 shares. Based on an average daily trading volume, of 825,200 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of NASDAQ AMZU opened at $43.29 on Thursday. The firm has a fifty day moving average of $42.11 and a 200 day moving average of $35.91. The firm has a market cap of $196.10 million, a PE ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a one year low of $22.11 and a one year high of $48.08.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter valued at approximately $1,158,000. Jane Street Group LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at $1,164,000. Morse Asset Management Inc purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at $64,000. TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% in the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock worth $1,746,000 after buying an additional 639 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter valued at approximately $446,000.

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.