Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 263,800 shares, a growth of 97.6% from the March 31st total of 133,500 shares. Based on an average daily trading volume, of 244,200 shares, the short-interest ratio is presently 1.1 days.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Direxion Daily AMZN Bull 2X Shares stock traded up $2.13 during midday trading on Friday, hitting $33.35. 621,982 shares of the company’s stock were exchanged, compared to its average volume of 242,199. The stock has a 50-day moving average price of $33.57 and a two-hundred day moving average price of $28.99. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $16.35 and a 52-week high of $37.50. The company has a market cap of $76.04 million, a P/E ratio of 121.61 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2117 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.85 annualized dividend and a yield of 2.54%.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of AMZU. TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.7% during the first quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company’s stock valued at $1,830,000 after buying an additional 915 shares during the last quarter. Capital CS Group LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 1st quarter valued at about $255,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth approximately $260,000. IMC Chicago LLC lifted its position in Direxion Daily AMZN Bull 2X Shares by 44.9% during the fourth quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock valued at $660,000 after purchasing an additional 7,525 shares during the period. Finally, Traynor Capital Management Inc. boosted its holdings in Direxion Daily AMZN Bull 2X Shares by 4.3% in the fourth quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock worth $425,000 after purchasing an additional 650 shares during the last quarter.

About Direxion Daily AMZN Bull 2X Shares

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.