Direxion Daily AMZN Bull 2X Shares Plans Quarterly Dividend of $0.17 (NASDAQ:AMZU)

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.1694 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily AMZN Bull 2X Shares Stock Down 3.4%

Shares of NASDAQ AMZU traded down $0.95 during mid-day trading on Tuesday, reaching $26.75. 1,693,091 shares of the company were exchanged, compared to its average volume of 3,522,243. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $21.28 and a 52 week high of $46.88. The stock has a market capitalization of $251.45 million, a PE ratio of 32.75 and a beta of 1.95. The company’s 50 day moving average price is $30.84 and its 200 day moving average price is $34.67.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of large investors have recently added to or reduced their stakes in AMZU. Jane Street Group LLC boosted its position in Direxion Daily AMZN Bull 2X Shares by 52.3% during the first quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock valued at $1,158,000 after buying an additional 13,270 shares during the period. HUB Investment Partners LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $281,000. Group One Trading LLC grew its position in Direxion Daily AMZN Bull 2X Shares by 898.5% during the 2nd quarter. Group One Trading LLC now owns 34,387 shares of the company’s stock worth $1,261,000 after acquiring an additional 30,943 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Direxion Daily AMZN Bull 2X Shares by 13.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock worth $202,000 after purchasing an additional 665 shares during the period. Finally, Sheets Smith Investment Management purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth approximately $478,000.

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.