Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Down 30.9% in January

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 106,352 shares, a decline of 30.9% from the January 15th total of 153,820 shares. Approximately 21.3% of the shares of the stock are short sold. Based on an average daily volume of 7,183,742 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 7,183,742 shares, the days-to-cover ratio is presently 0.0 days. Approximately 21.3% of the shares of the stock are short sold.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of AMZD stock opened at $11.62 on Friday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $9.03 and a fifty-two week high of $15.25. The business has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $10.30.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.0774 per share. This represents a $0.31 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Several large investors have recently modified their holdings of the business. PayPay Securities Corp increased its stake in shares of Direxion Daily AMZN Bear 1X Shares by 96.1% during the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after purchasing an additional 1,857 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in Direxion Daily AMZN Bear 1X Shares by 30.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock valued at $152,000 after buying an additional 3,272 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at $164,000. Jane Street Group LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth $153,000. Finally, Optiver Holding B.V. raised its holdings in shares of Direxion Daily AMZN Bear 1X Shares by 986.9% in the third quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after acquiring an additional 51,032 shares during the last quarter.

About Direxion Daily AMZN Bear 1X Shares

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.