Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU) Shares Cross Above 200-Day Moving Average – Should You Sell?

Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $35.11 and traded as high as $39.25. Direxion Daily AMZN Bull 2X ETF shares last traded at $37.81, with a volume of 3,919,960 shares changing hands.

Direxion Daily AMZN Bull 2X ETF Trading Down 1.0%

The company has a market capitalization of $342.27 million, a PE ratio of 32.75 and a beta of 2.51. The business’s fifty day moving average is $35.29 and its two-hundred day moving average is $35.11.

Institutional Trading of Direxion Daily AMZN Bull 2X ETF

Large investors have recently modified their holdings of the company. StoneX Group Inc. purchased a new stake in shares of Direxion Daily AMZN Bull 2X ETF during the 3rd quarter valued at about $620,000. Parallel Advisors LLC lifted its stake in shares of Direxion Daily AMZN Bull 2X ETF by 75.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,500 shares of the company’s stock valued at $119,000 after buying an additional 1,500 shares in the last quarter. Tactive Advisors LLC boosted its stake in shares of Direxion Daily AMZN Bull 2X ETF by 20.0% in the third quarter. Tactive Advisors LLC now owns 9,000 shares of the company’s stock worth $306,000 after acquiring an additional 1,500 shares during the period. Turner Financial Group Inc. bought a new position in Direxion Daily AMZN Bull 2X ETF in the 2nd quarter worth approximately $295,000. Finally, SOA Wealth Advisors LLC. grew its stake in Direxion Daily AMZN Bull 2X ETF by 56.9% during the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after acquiring an additional 640 shares in the last quarter.

Direxion Daily AMZN Bull 2X ETF Company Profile

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.