Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 744,100 shares, a decrease of 20.8% from the April 30th total of 939,400 shares. Approximately 10.5% of the shares of the stock are short sold. Based on an average trading volume of 1,468,200 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the first quarter valued at approximately $4,947,000. TRUE Private Wealth Advisors boosted its stake in Direxion Daily AMZN Bull 2X Shares by 0.8% during the fourth quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company's stock valued at $2,281,000 after buying an additional 442 shares during the last quarter. Optiver Holding B.V. boosted its stake in Direxion Daily AMZN Bull 2X Shares by 340.7% during the fourth quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock valued at $2,228,000 after buying an additional 40,995 shares during the last quarter. IMC Chicago LLC boosted its stake in Direxion Daily AMZN Bull 2X Shares by 203.6% during the fourth quarter. IMC Chicago LLC now owns 48,433 shares of the company's stock valued at $2,035,000 after buying an additional 32,482 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in 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 buying an additional 13,270 shares during the last quarter.
Direxion Daily AMZN Bull 2X Shares Price Performance
Shares of NASDAQ AMZU traded up $0.20 during mid-day trading on Thursday, reaching $33.54. The company's stock had a trading volume of 2,777,963 shares, compared to its average volume of 1,024,943. The firm has a market capitalization of $234.78 million, a PE ratio of 32.75 and a beta of 2.00. The stock has a fifty day moving average of $29.06 and a two-hundred day moving average of $37.11. 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 Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a dividend of $0.2007 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Tuesday, March 25th.
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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