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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,100 shares, a drop of 67.7% from the October 31st total of 9,600 shares. Based on an average daily volume of 51,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On 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 purchased a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent quarter.

Direxion Daily AMZN Bear 1X Shares Stock Performance

AMZD stock traded up $0.12 during trading on Wednesday, reaching $12.42. The stock had a trading volume of 38,938 shares, compared to its average volume of 44,515. The firm has a fifty day moving average price of $13.25 and a 200 day moving average price of $13.96. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $11.87 and a 1-year high of $18.62.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1408 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.