Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Grows By 97.0%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 145,276 shares, an increase of 97.0% from the June 30th total of 73,750 shares. Currently, 12.4% of the company’s shares are short sold. Based on an average trading volume of 13,887,954 shares, the days-to-cover ratio is currently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Stock Up 1.3%

Direxion Daily AMZN Bear 1X Shares stock traded up $0.13 during midday trading on Wednesday, hitting $9.89. 1,707,793 shares of the stock were exchanged, compared to its average volume of 11,708,457. The company has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $9.78. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $8.19 and a 52 week high of $11.77.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0623 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. PayPay Securities Corp raised its stake 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. Geneos Wealth Management Inc. bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the first quarter worth about $35,000. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily AMZN Bear 1X Shares by 30.1% in the third quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock worth $152,000 after acquiring an additional 3,272 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth about $164,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth about $153,000.

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.