Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) traded up 7.9% on Wednesday . The stock traded as high as $36.85 and last traded at $36.79. 2,772,042 shares traded hands during trading, an increase of 98% from the average session volume of 1,397,309 shares. The stock had previously closed at $34.09.
Direxion Daily AMZN Bull 2X Shares Trading Down 0.4%
The company has a market cap of $268.56 million, a PE ratio of 32.75 and a beta of -2.52. The business's 50-day simple moving average is $36.77 and its 200-day simple moving average is $35.29.
Direxion Daily AMZN Bull 2X Shares Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a $0.2645 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.9%. 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.
Institutional Investors 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 AMZU. SOA Wealth Advisors LLC. bought a new stake in Direxion Daily AMZN Bull 2X Shares in the second quarter worth approximately $41,000. Renaissance Technologies LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth approximately $475,000. SBI Securities Co. Ltd. grew its position in 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 worth $666,000 after acquiring an additional 16,790 shares in the last quarter. Jane Street Group LLC grew its position in 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 worth $1,158,000 after acquiring an additional 13,270 shares in the last quarter. Finally, Optiver Holding B.V. raised its position 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 valued at $2,228,000 after purchasing an additional 40,995 shares during the period.
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.
See Also
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