Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 75,062 shares, a drop of 43.4% from the August 15th total of 132,716 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average trading volume of 9,659,777 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X ETF

A number of institutional investors have recently made changes to their positions in AMZD. Geneos Wealth Management Inc. acquired a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the 1st quarter valued at about $35,000. Hamilton Wealth LLC bought a new stake in Direxion Daily AMZN Bear 1X ETF in the first quarter valued at about $330,000. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily AMZN Bear 1X ETF during the first quarter valued at approximately $1,479,000.

Direxion Daily AMZN Bear 1X ETF Stock Up 0.5%

Shares of NASDAQ AMZD opened at $8.87 on Wednesday. Direxion Daily AMZN Bear 1X ETF has a 1 year low of $7.64 and a 1 year high of $11.77. The stock’s 50-day simple moving average is $8.68 and its 200-day simple moving average is $9.31.

About Direxion Daily AMZN Bear 1X ETF

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.