Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 70.5% in July

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 34,100 shares, an increase of 70.5% from the June 30th total of 20,000 shares. Based on an average daily volume of 51,600 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily AMZN Bear 1X Shares Trading Down 1.4 %

Shares of NASDAQ:AMZD opened at $14.32 on Friday. The stock has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.80. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $12.99 and a 1 year high of $22.56.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were given a dividend of $0.1741 per share. The ex-dividend date was Tuesday, June 25th. This represents a $0.70 dividend on an annualized basis and a yield of 4.86%.

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

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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

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.