Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 133.6% in April

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 349,937 shares, an increase of 133.6% from the April 15th total of 149,781 shares. Currently, 19.8% of the company’s stock are short sold. Based on an average daily volume of 11,173,570 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Direxion Daily AMZN Bear 1X Shares stock opened at $8.65 on Friday. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $8.19 and a 1-year high of $12.13. The stock’s fifty day moving average is $9.89 and its two-hundred day moving average is $10.10.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.0541 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%.

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

Institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC boosted its holdings in Direxion Daily AMZN Bear 1X Shares by 482.4% in the fourth quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock valued at $1,884,000 after purchasing an additional 155,137 shares in the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the first quarter worth approximately $1,479,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth approximately $1,029,000. Cibc World Market Inc. purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 3rd quarter worth approximately $888,000. Finally, Advisory Services Network LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $747,000.

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.