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Summit Trail Advisors LLC Acquires Shares of 165,110 Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

Direxion Daily AMZN Bull 2X Shares logo with background

Summit Trail Advisors LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 165,110 shares of the company's stock, valued at approximately $4,947,000. Summit Trail Advisors LLC owned approximately 2.28% of Direxion Daily AMZN Bull 2X Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $85,000. SBI Securities Co. Ltd. bought a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $228,000. Renaissance Technologies LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $475,000. Simplex Trading LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $1,043,000. Finally, Optiver Holding B.V. lifted its stake in 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 buying an additional 40,995 shares in the last quarter.

Direxion Daily AMZN Bull 2X Shares Trading Up 1.0%

Shares of AMZU stock traded up $0.36 during trading hours on Tuesday, hitting $37.03. 1,731,245 shares of the company were exchanged, compared to its average volume of 1,064,974. The business has a 50 day moving average of $32.28 and a two-hundred day moving average of $36.33. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $21.28 and a 52 week high of $50.61. The company has a market capitalization of $262.91 million, a PE ratio of 32.75 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.2645 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a boost from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.20.

Direxion Daily AMZN Bull 2X Shares Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

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