Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Shares Shorted: Short Interest Down 43.5% in September

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 79,978 shares, a drop of 43.5% from the September 15th total of 141,675 shares. Based on an average daily volume of 11,048,386 shares, the short-interest ratio is currently 0.0 days. Currently, 5.0% of the company’s shares are sold short.

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

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter worth about $35,000. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X ETF during the 1st quarter worth about $330,000. Finally, IMC Chicago LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X ETF during the 1st quarter worth about $1,479,000.

Direxion Daily AMZN Bear 1X ETF Stock Up 0.7%

Shares of Direxion Daily AMZN Bear 1X ETF stock traded up $0.06 during trading on Thursday, reaching $8.63. 4,860,196 shares of the company were exchanged, compared to its average volume of 11,456,418. 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 $8.50 and a 200-day moving average price of $8.97.

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.