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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 73,750 shares, a decline of 71.9% from the June 15th total of 262,164 shares. Based on an average daily volume of 16,488,658 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.1% of the shares of the company are short sold.

Direxion Daily AMZN Bear 1X Shares Stock Up 0.8%

Direxion Daily AMZN Bear 1X Shares stock traded up $0.07 during midday trading on Friday, hitting $9.20. 11,859,158 shares of the company were exchanged, compared to its average volume of 11,552,245. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $11.77. The business has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.84.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a $0.0623 dividend. This represents a $0.25 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PayPay Securities Corp increased its holdings in shares of Direxion Daily AMZN Bear 1X Shares by 69.1% during the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after buying an additional 2,618 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Direxion Daily AMZN Bear 1X Shares in the first quarter valued at approximately $35,000. Flow Traders U.S. LLC grew its position in Direxion Daily AMZN Bear 1X Shares by 30.1% in the third quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock worth $152,000 after acquiring an additional 3,272 shares during the period. Tower Research Capital LLC TRC purchased a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $164,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth $153,000.

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.