Direxion Daily AMZN Bull 2X Shares $AMZU Shares Bought by Group One Trading LLC

Key Points

• Group One Trading LLC raised its stake in Direxion Daily AMZN Bull 2X Shares (AMZU) by 122.2% in Q3, buying an additional 42,031 shares to hold 76,418 shares worth about $2.66 million.
• The ETF recently paid a quarterly dividend of $1.2027 (paid Dec. 17), equivalent to an annualized $4.81 and a 16.8% yield, up from the prior quarterly payout of $0.22.
• AMZU is a fund offering 1.5x leveraged exposure to Amazon stock, and other institutions—including Jane Street, HUB Investment Partners, Envestnet and MBL Wealth—also added or increased positions in recent quarters.

Group One Trading LLC raised its stake in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) by 122.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,418 shares of the company's stock after buying an additional 42,031 shares during the period. Group One Trading LLC owned approximately 0.66% of Direxion Daily AMZN Bull 2X Shares worth $2,658,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HUB Investment Partners LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $281,000. Jane Street Group LLC increased its stake in Direxion Daily AMZN Bull 2X Shares by 52.3% in the 1st quarter. Jane Street Group LLC now owns 38,665 shares of the company's stock valued at $1,158,000 after purchasing an additional 13,270 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at approximately $206,000. PayPay Securities Corp raised its holdings in Direxion Daily AMZN Bull 2X Shares by 257.5% during the third quarter. PayPay Securities Corp now owns 976 shares of the company's stock worth $34,000 after purchasing an additional 703 shares during the last quarter. Finally, MBL Wealth LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares during the third quarter worth $435,000.

Direxion Daily AMZN Bull 2X Shares Stock Performance

AMZU opened at $28.69 on Friday. The company has a market cap of $269.69 million, a price-to-earnings ratio of 32.75 and a beta of 1.95. Direxion Daily AMZN Bull 2X Shares has a one year low of $21.28 and a one year high of $46.88. The business's fifty day moving average is $32.79 and its two-hundred day moving average is $35.50.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $1.2027 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.81 annualized dividend and a dividend yield of 16.8%. This is a boost from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.22.

Direxion Daily AMZN Bull 2X Shares Profile

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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