Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Stock Short Interest Jumps 88.7%

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 141,675 shares, a growth of 88.7% from the August 31st total of 75,062 shares. Currently, 8.6% of the company’s stock are sold short. Based on an average trading volume of 10,154,988 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X ETF Stock Up 1.4%

NASDAQ:AMZD opened at $8.85 on Tuesday. Direxion Daily AMZN Bear 1X ETF has a twelve month low of $7.64 and a twelve month high of $11.77. The business has a 50 day moving average price of $8.61 and a two-hundred day moving average price of $9.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the first quarter valued at about $330,000. IMC Chicago LLC acquired a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter valued at approximately $1,479,000. Finally, Geneos Wealth Management Inc. acquired a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter valued at approximately $35,000.

Direxion Daily AMZN Bear 1X ETF 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.