Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Increases By 1,365.9%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 262,164 shares, a growth of 1,365.9% from the May 31st total of 17,884 shares. Based on an average daily trading volume, of 16,068,905 shares, the days-to-cover ratio is currently 0.0 days. Approximately 14.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Jump Financial LLC boosted its stake in shares of 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 buying an additional 155,137 shares during the period. IMC Chicago LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 1st quarter worth $1,479,000. Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $1,029,000. Hamilton Wealth LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the 1st quarter valued at $990,000. Finally, Advisory Services Network LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $747,000.

Direxion Daily AMZN Bear 1X Shares Trading Up 3.2%

Shares of Direxion Daily AMZN Bear 1X Shares stock traded up $0.31 during trading on Thursday, reaching $9.94. The company’s stock had a trading volume of 19,390,808 shares, compared to its average volume of 11,273,625. The business’s 50-day moving average price is $8.93 and its 200-day moving average price is $9.91. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $8.19 and a 52 week high of $11.77.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0623 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 2.5%.

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.