Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Expands By 133.6%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 349,937 shares, an increase of 133.6% from the April 15th total of 149,781 shares. Approximately 19.8% of the company’s stock are sold short. Based on an average daily trading volume, of 11,173,570 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.2%

Direxion Daily AMZN Bear 1X Shares stock traded up $0.10 during mid-day trading on Friday, hitting $8.65. 10,210,506 shares of the company’s stock traded hands, compared to its average volume of 10,227,541. The firm has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $10.10. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $12.13.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0541 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.22 annualized dividend and a yield of 2.5%.

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

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the 1st quarter valued at $35,000. PayPay Securities Corp increased its position in Direxion Daily AMZN Bear 1X Shares by 69.1% during the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after buying an additional 2,618 shares during the period. Flow Traders U.S. LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $119,000. Tower Research Capital LLC TRC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $164,000. Finally, Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter worth $153,000.

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.