Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Significant Drop in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 3,100 shares, a drop of 67.7% from the October 31st total of 9,600 shares. Based on an average trading volume of 51,300 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.0 %

NASDAQ AMZD opened at $12.42 on Thursday. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $11.87 and a 12 month high of $18.62. The company’s 50 day simple moving average is $13.25 and its 200 day simple moving average is $13.96.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1408 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned approximately 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent quarter.

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.