Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,600 shares, a growth of 1,666.7% from the March 31st total of 600 shares. Based on an average daily trading volume, of 26,900 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned approximately 26.37% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily AMZN Bear 1X Shares Trading Down 3.5 %

Direxion Daily AMZN Bear 1X Shares stock opened at $14.61 on Friday. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $13.86 and a 1-year high of $27.52. The firm has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $16.92.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.1672 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 4.58%.

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.