Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 77.0% in January

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 153,820 shares, a growth of 77.0% from the December 31st total of 86,892 shares. Currently, 30.8% of the shares of the stock are short sold. Based on an average trading volume of 6,713,150 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 6,713,150 shares, the short-interest ratio is presently 0.0 days. Currently, 30.8% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Institutional investors and hedge funds have recently made changes to their positions in the company. PayPay Securities Corp increased its stake in Direxion Daily AMZN Bear 1X Shares by 96.1% in the third quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock valued at $41,000 after acquiring an additional 1,857 shares during the last quarter. Flow Traders U.S. LLC increased its stake in shares of Direxion Daily AMZN Bear 1X Shares by 30.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock valued at $152,000 after purchasing an additional 3,272 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $164,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily AMZN Bear 1X Shares by 986.9% during the 3rd quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after buying an additional 51,032 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at about $747,000.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.1%

NASDAQ:AMZD opened at $9.71 on Friday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $9.03 and a fifty-two week high of $15.25. The stock has a fifty day moving average price of $9.97 and a 200-day moving average price of $10.29.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.0774 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, December 23rd.

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.