Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Rises By 153.7%

Posted by Lauren Steadman on Jan 31st, 2025

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 31st total of 35,000 shares. Based on an average daily volume of 58,600 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of 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 purchased a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,547 shares of the company’s stock, valued at approximately $64,000. Direxion Daily AMZN Bear 1X Shares makes up about 2.8% of PayPay Securities Corp’s holdings, making the stock its 9th biggest position. PayPay Securities Corp owned about 1.29% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily AMZN Bear 1X Shares Trading Down 1.8 %

Shares of AMZD traded down $0.20 on Friday, reaching $10.60. 16,071 shares of the company’s stock were exchanged, compared to its average volume of 63,430. The business has a 50 day moving average price of $11.45 and a two-hundred day moving average price of $13.10. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $10.46 and a 12 month high of $17.11.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

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

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

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.