Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 714.0% in December

Posted by Grant Hamersma on Dec 26th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 35,000 shares, a growth of 714.0% from the November 30th total of 4,300 shares. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is presently 0.7 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of NASDAQ AMZD traded up $0.07 during mid-day trading on Thursday, hitting $11.11. The stock had a trading volume of 12,689 shares, compared to its average volume of 45,133. The company has a 50 day moving average of $12.35 and a two-hundred day moving average of $13.54. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $10.97 and a twelve month high of $18.33.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.1119 dividend. The ex-dividend date of this dividend is Monday, December 23rd.

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. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned about 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent quarter.

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.