Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, June 24th will be paid a dividend of 0.2645 per share on Tuesday, July 1st. This represents a $1.06 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a 31.8% increase from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.20.
Direxion Daily AMZN Bull 2X Shares Trading Up 0.6%
AMZU stock traded up $0.22 during mid-day trading on Wednesday, reaching $34.83. The company's stock had a trading volume of 648,145 shares, compared to its average volume of 1,051,696. The company has a market cap of $247.30 million, a price-to-earnings ratio of 32.75 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.28 and a 12 month high of $50.61. The business's 50 day moving average price is $31.27 and its 200 day moving average price is $36.68.
Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares
A hedge fund recently raised its stake in Direxion Daily AMZN Bull 2X Shares stock. Jane Street Group LLC raised its stake in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) by 52.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 38,665 shares of the company's stock after purchasing an additional 13,270 shares during the period. Jane Street Group LLC owned approximately 0.54% of Direxion Daily AMZN Bull 2X Shares worth $1,158,000 as of its most recent SEC filing.
About Direxion Daily AMZN Bull 2X Shares
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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.
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