Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Large Drop in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 134,300 shares, a drop of 73.2% from the June 30th total of 500,400 shares. Based on an average daily trading volume, of 680,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Large investors have recently made changes to their positions in the company. Capital CS Group LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 1st quarter valued at about $255,000. Virtu Financial LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at about $260,000. Traynor Capital Management Inc. boosted its stake in Direxion Daily AMZN Bull 2X Shares by 4.3% during the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock valued at $425,000 after purchasing an additional 650 shares during the last quarter. IMC Chicago LLC boosted its stake in Direxion Daily AMZN Bull 2X Shares by 44.9% during the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock valued at $660,000 after purchasing an additional 7,525 shares during the last quarter. Finally, TRUE Private Wealth Advisors boosted its stake in Direxion Daily AMZN Bull 2X Shares by 0.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 52,821 shares of the company’s stock valued at $1,435,000 after purchasing an additional 478 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU traded down $0.98 during trading hours on Thursday, hitting $31.26. The stock had a trading volume of 281,802 shares, compared to its average volume of 435,760. The firm has a 50 day simple moving average of $35.35 and a 200-day simple moving average of $33.47. The firm has a market capitalization of $156.30 million, a P/E ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $19.37 and a 1-year high of $40.20.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were paid a $0.2529 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $1.01 annualized dividend and a dividend yield of 3.24%.

About Direxion Daily AMZN Bull 2X Shares

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.