Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Declines By 22.1%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 716,800 shares, a decrease of 22.1% from the March 15th total of 920,200 shares. Currently, 9.6% of the company’s shares are sold short. Based on an average daily volume of 1,177,000 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily AMZN Bull 2X Shares Trading Down 2.1 %

Shares of AMZU opened at $23.80 on Monday. The company’s 50-day moving average price is $33.16 and its 200 day moving average price is $38.15. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $21.28 and a 12-month high of $50.61. The firm has a market cap of $176.12 million, a P/E ratio of 41.93 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.2007 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.37%.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 0.8% in the 4th quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company’s stock valued at $2,281,000 after buying an additional 442 shares during the period. Optiver Holding B.V. grew its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% in the fourth quarter. Optiver Holding B.V. now owns 53,029 shares of the company’s stock valued at $2,228,000 after purchasing an additional 40,995 shares in the last quarter. IMC Chicago LLC lifted its holdings in Direxion Daily AMZN Bull 2X Shares by 203.6% during the 4th quarter. IMC Chicago LLC now owns 48,433 shares of the company’s stock worth $2,035,000 after buying an additional 32,482 shares in the last quarter. Jane Street Group LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at approximately $1,164,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter worth $1,158,000.

About Direxion Daily AMZN Bull 2X Shares

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.