Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 27.7% in July

Key Points

• The short interest in Direxion Daily AMZN Bull 2X Shares decreased by 27.7% in July, totaling 413,800 shares as of July 31st.
• Recently, the company announced a quarterly dividend of $0.2645, up from the previous $0.20, representing a yield of 2.7%.
• Various hedge funds have actively traded shares, with notable investments including SOA Wealth Advisors acquiring a new position valued at $41,000 in the second quarter.

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 413,800 shares, adropof27.7% from the July 15th total of 572,000 shares. Based on an average daily volume of 1,585,500 shares, the short-interest ratio is presently 0.3 days. Currently,5.7% of the company's shares are short sold. Currently,5.7% of the company's shares are short sold. Based on an average daily volume of 1,585,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 1st quarter worth $4,947,000. Renaissance Technologies LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth $475,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% in the fourth 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 last quarter. SBI Securities Co. Ltd. lifted its stake in 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 acquiring an additional 16,790 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Direxion Daily AMZN Bull 2X Shares by 13.8% during the second 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.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Direxion Daily AMZN Bull 2X Shares stock traded down $0.32 during trading hours on Monday, hitting $38.36. The company had a trading volume of 888,055 shares, compared to its average volume of 1,409,930. The firm has a market cap of $279.26 million, a P/E ratio of 32.75 and a beta of -2.52. The company has a 50-day moving average price of $37.48 and a two-hundred day moving average price of $34.33. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.2645 per share. This is an increase from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.20. This represents a $1.06 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 24th.

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.