Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Significant Growth in Short Interest

Posted by Don Miller on Jun 30th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 18,700 shares, an increase of 22.2% from the May 31st total of 15,300 shares. Based on an average trading volume of 44,500 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 2.3 %

NASDAQ AMZD traded up $0.30 on Friday, hitting $13.48. The company’s stock had a trading volume of 59,996 shares, compared to its average volume of 37,167. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $13.05 and a 1-year high of $22.56. The company’s 50-day moving average is $14.32 and its 200 day moving average is $15.33.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be given a $0.1741 dividend. This represents a $0.70 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, June 25th.

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

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned 26.37% of Direxion Daily AMZN Bear 1X Shares as of its most recent SEC filing.

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

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.