Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 373.9% in August

Posted by Chris Copeland on Aug 27th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 74,400 shares, an increase of 373.9% from the July 31st total of 15,700 shares. Based on an average daily volume of 47,600 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds 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 position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

Direxion Daily AMZN Bear 1X Shares Stock Up 1.7 %

Shares of Direxion Daily AMZN Bear 1X Shares stock traded up $0.25 on Tuesday, reaching $15.03. The company’s stock had a trading volume of 19,437 shares, compared to its average volume of 41,742. The stock has a 50-day moving average price of $14.25 and a 200-day moving average price of $14.52. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $12.99 and a 52-week high of $22.56.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a dividend of $0.1741 per share. The ex-dividend date was Tuesday, June 25th. This represents a $0.70 annualized dividend and a yield of 4.63%.

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.