Summit Trail Advisors LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at $228,000. Hollencrest Capital Management purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $85,000. Simplex Trading LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $1,043,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at about $475,000. Finally, TRUE Private Wealth Advisors increased its position in shares of 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 worth $2,281,000 after acquiring an additional 442 shares during the last quarter.
Direxion Daily AMZN Bull 2X Shares Stock Performance
Shares of NASDAQ:AMZU traded up $0.99 during trading on Friday, hitting $37.80. The company's stock had a trading volume of 1,397,630 shares, compared to its average volume of 1,066,130. The company has a market capitalization of $268.39 million, a PE ratio of 32.75 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a fifty-two week low of $21.28 and a fifty-two week high of $50.61. The stock's 50-day moving average price is $33.16 and its two-hundred day moving average price is $36.21.
Direxion Daily AMZN Bull 2X Shares Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.2645 per share. The ex-dividend date was Tuesday, June 24th. 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 yield of 2.80%.
Direxion Daily AMZN Bull 2X Shares Company Profile
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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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