Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Increases By 1,365.9%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 262,164 shares, an increase of 1,365.9% from the May 31st total of 17,884 shares. Based on an average trading volume of 16,068,905 shares, the days-to-cover ratio is presently 0.0 days. Currently, 14.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the 1st quarter valued at about $35,000. PayPay Securities Corp lifted its holdings in shares of 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 acquiring an additional 2,618 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $119,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the fourth quarter worth approximately $153,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $164,000.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.7%

Shares of AMZD opened at $9.87 on Friday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $11.77. The stock has a fifty day moving average of $8.93 and a two-hundred day moving average of $9.91.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.0623 dividend. This represents a $0.25 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 23rd.

About Direxion Daily AMZN Bear 1X Shares

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.