Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 15.6% in February

Key Points

• Short interest fell 15.6% in February to 1,810,947 shares for Direxion Daily AMZN Bull (AMZU), equating to about 19.3% of shares short and a days-to-cover ratio of roughly 0.5 days.
• AMZU is a Direxion-managed, leveraged ETF offering about 1.5x exposure to Amazon; it opened Monday at $27.16 (down 1.9%), with a market cap of $255.3M and a 12‑month range of $21.28–$46.88.

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - ) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,810,947 shares, a decline of 15.6% from the February 12th total of 2,144,822 shares. Approximately 19.3% of the company's shares are short sold. Based on an average daily trading volume, of 3,498,655 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 3,498,655 shares, the days-to-cover ratio is presently 0.5 days. Approximately 19.3% of the company's shares are short sold.

Direxion Daily AMZN Bull 2X Shares Trading Down 1.9%

NASDAQ AMZU opened at $27.16 on Monday. The firm has a market capitalization of $255.30 million, a PE ratio of 32.75 and a beta of 1.95. The business's 50-day moving average price is $32.12 and its two-hundred day moving average price is $35.14. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.28 and a 12 month high of $46.88.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in Direxion Daily AMZN Bull 2X Shares by 13.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company's stock valued at $202,000 after purchasing an additional 665 shares during the period. TRUE Private Wealth Advisors lifted its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.3% in the 3rd quarter. TRUE Private Wealth Advisors now owns 53,509 shares of the company's stock worth $1,861,000 after purchasing an additional 683 shares during the period. PayPay Securities Corp lifted its position in shares of Direxion Daily AMZN Bull 2X Shares by 257.5% in the 3rd quarter. PayPay Securities Corp now owns 976 shares of the company's stock worth $34,000 after purchasing an additional 703 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $25,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $41,000.

Direxion Daily AMZN Bull 2X Shares 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.

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