Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 727,900 shares, a growth of 75.9% from the July 31st total of 413,800 shares. Based on an average daily volume of 1,570,100 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,570,100 shares, the short-interest ratio is currently 0.5 days.
Direxion Daily AMZN Bull 2X Shares Trading Down 0.4%
Shares of NASDAQ AMZU traded down $0.17 during trading hours on Thursday, reaching $38.70. The stock had a trading volume of 1,845,786 shares, compared to its average volume of 1,400,488. The firm has a market cap of $281.74 million, a price-to-earnings ratio of 32.75 and a beta of -2.52. The business's fifty day moving average price is $38.39 and its two-hundred day moving average price is $34.05. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $21.28 and a 52-week high of $50.61.
Direxion Daily AMZN Bull 2X Shares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a $0.2645 dividend. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.20. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.7%.
Institutional Trading of Direxion Daily AMZN Bull 2X Shares
A number of large investors have recently modified their holdings of AMZU. Summit Trail Advisors LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the first quarter valued at approximately $4,947,000. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 309.2% in the first quarter. SBI Securities Co. Ltd. now owns 22,220 shares of the company's stock valued at $666,000 after purchasing an additional 16,790 shares during the period. Jane Street Group LLC boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 52.3% in the first quarter. Jane Street Group LLC now owns 38,665 shares of the company's stock valued at $1,158,000 after purchasing an additional 13,270 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the second quarter valued at approximately $41,000. Finally, HUB Investment Partners LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the second quarter valued at approximately $281,000.
Direxion Daily AMZN Bull 2X Shares Company Profile
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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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