Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU) Stock Price Down 0.8% – What’s Next?

Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU)’s stock price fell 0.8% on Tuesday. The stock traded as low as $36.35 and last traded at $36.37. Approximately 1,427,215 shares traded hands during trading, a decline of 52% from the average daily volume of 3,002,022 shares. The stock had previously closed at $36.65.

Direxion Daily AMZN Bull 2X ETF Trading Up 0.5%

The company has a market cap of $344.59 million, a price-to-earnings ratio of 32.75 and a beta of 2.49. The stock has a 50 day moving average price of $36.83 and a two-hundred day moving average price of $36.85.

Institutional Trading of Direxion Daily AMZN Bull 2X ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Tactive Advisors LLC grew its holdings in shares of Direxion Daily AMZN Bull 2X ETF by 20.0% in the 3rd quarter. Tactive Advisors LLC now owns 9,000 shares of the company’s stock valued at $306,000 after buying an additional 1,500 shares during the period. Turner Financial Group Inc. acquired a new position in Direxion Daily AMZN Bull 2X ETF during the 2nd quarter worth approximately $295,000. SOA Wealth Advisors LLC. increased its stake in Direxion Daily AMZN Bull 2X ETF by 56.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after buying an additional 640 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Direxion Daily AMZN Bull 2X ETF during the first quarter worth about $752,000. Finally, Hoey Investments Inc. boosted its holdings in shares of Direxion Daily AMZN Bull 2X ETF by 26.8% in the 1st quarter. Hoey Investments Inc. now owns 19,406 shares of the company’s stock valued at $521,000 after buying an additional 4,100 shares during the last quarter.

About Direxion Daily AMZN Bull 2X ETF

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.