Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Decline in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 27,000 shares, a decline of 69.6% from the December 31st total of 88,800 shares. Based on an average daily volume of 66,400 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of Direxion Daily AMZN Bear 1X Shares stock traded down $0.23 on Friday, hitting $10.56. The company’s stock had a trading volume of 20,022 shares, compared to its average volume of 63,755. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $10.46 and a 1 year high of $17.11. The firm has a fifty day moving average price of $11.41 and a 200-day moving average price of $13.08.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.1119 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. PayPay Securities Corp acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,547 shares of the company’s stock, valued at approximately $64,000. Direxion Daily AMZN Bear 1X Shares makes up 2.8% of PayPay Securities Corp’s holdings, making the stock its 9th largest position. PayPay Securities Corp owned 1.29% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent quarter.

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.