Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 744,100 shares, a drop of 20.8% from the April 30th total of 939,400 shares. Based on an average trading volume of 1,468,200 shares, the short-interest ratio is currently 0.5 days. Approximately 10.5% of the company's stock are sold short.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares
Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Direxion Daily AMZN Bull 2X Shares by 52.3% during the first quarter. Jane Street Group LLC now owns 38,665 shares of the company's stock valued at $1,158,000 after acquiring an additional 13,270 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily AMZN Bull 2X Shares by 309.2% during the 1st 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 last quarter. Summit Trail Advisors LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 1st quarter worth $4,947,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% during the 4th quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock worth $2,228,000 after purchasing an additional 40,995 shares during the period. Finally, TRUE Private Wealth Advisors boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 0.8% in the 4th quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company's stock worth $2,281,000 after buying an additional 442 shares during the last quarter.
Direxion Daily AMZN Bull 2X Shares Price Performance
Shares of NASDAQ AMZU traded down $0.32 during trading on Tuesday, hitting $32.88. The stock had a trading volume of 1,250,843 shares, compared to its average volume of 1,010,735. The firm has a fifty day moving average of $29.03 and a two-hundred day moving average of $37.16. The company has a market capitalization of $233.45 million, a PE 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.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.2007 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.80 annualized dividend and a yield of 2.44%.
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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