Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 38.4% in May

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,030,000 shares, an increase of 38.4% from the May 15th total of 744,100 shares. Approximately 14.5% of the company's stock are sold short. Based on an average trading volume of 1,503,500 shares, the short-interest ratio is presently 0.7 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of NASDAQ AMZU traded down $0.77 during mid-day trading on Wednesday, hitting $34.84. The company had a trading volume of 978,027 shares, compared to its average volume of 1,046,729. The company has a market capitalization of $247.36 million, a PE ratio of 32.75 and a beta of -2.52. The business's 50-day simple moving average is $30.55 and its 200 day simple moving average is $36.98. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $21.28 and a 1-year high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.2007 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, March 25th.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $1,043,000. Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at approximately $475,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% in the 4th quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock valued at $2,228,000 after purchasing an additional 40,995 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth $262,000. Finally, Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $85,000.

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.