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 increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, an increase of 104.3% from the October 15th total of 4,700 shares. Based on an average daily trading volume, of 47,600 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily AMZN Bear 1X Shares Stock Up 4.8 %

AMZD stock traded up $0.58 during trading on Friday, reaching $12.69. The stock had a trading volume of 41,089 shares, compared to its average volume of 44,399. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $11.87 and a 52 week high of $19.00. The stock’s 50 day moving average is $13.53 and its two-hundred day moving average is $14.05.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.1408 per share. This represents a $0.56 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, September 24th.

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 Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned about 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.