Direxion Daily AMZN Bull 2X Shares $AMZU Stake Cut by Simplex Trading LLC

Key Points

• Simplex Trading LLC reduced its holdings in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) by 54.9% in Q1, now owning 11,203 shares valued at approximately $335,000.
• Several other hedge funds, including Summit Trail Advisors LLC and Optiver Holding B.V., have adjusted their stakes in AMZU, demonstrating varied investment strategies in this fund.
• Direxion Daily AMZN Bull 2X Shares recently increased its quarterly dividend from $0.20 to $0.2645, representing an annualized yield of 2.7%.

Simplex Trading LLC lowered its stake in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) by 54.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,203 shares of the company's stock after selling 13,624 shares during the quarter. Simplex Trading LLC owned approximately 0.16% of Direxion Daily AMZN Bull 2X Shares worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMZU. Summit Trail Advisors LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the first quarter worth approximately $4,947,000. Optiver Holding B.V. grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% during the fourth quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock worth $2,228,000 after buying an additional 40,995 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 309.2% during the first quarter. SBI Securities Co. Ltd. now owns 22,220 shares of the company's stock worth $666,000 after buying an additional 16,790 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $475,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU traded up $2.2480 during trading hours on Friday, hitting $38.6880. 1,330,474 shares of the stock were exchanged, compared to its average volume of 1,411,773. The stock has a 50-day simple moving average of $37.36 and a 200-day simple moving average of $34.65. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.28 and a 12 month high of $50.61. The stock has a market cap of $281.65 million, a price-to-earnings ratio of 32.75 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a dividend of $0.2645 per share. This represents a $1.06 annualized dividend and a yield of 2.7%. This is a boost from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 24th.

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.