Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Short Interest Down 43.4% in August

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 75,062 shares, a drop of 43.4% from the August 15th total of 132,716 shares. Based on an average daily volume of 9,659,777 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.1% of the company’s stock are short sold.

Direxion Daily AMZN Bear 1X ETF Stock Performance

AMZD opened at $8.64 on Tuesday. The company’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $9.32. Direxion Daily AMZN Bear 1X ETF has a 1-year low of $7.64 and a 1-year high of $11.77.

Institutional Trading of Direxion Daily AMZN Bear 1X ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new position in Direxion Daily AMZN Bear 1X ETF in the 1st quarter valued at $35,000. Hamilton Wealth LLC purchased a new stake in Direxion Daily AMZN Bear 1X ETF during the first quarter worth about $330,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily AMZN Bear 1X ETF in the first quarter worth about $1,479,000.

About Direxion Daily AMZN Bear 1X ETF

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.