Hoey Investments Inc. lowered its holdings in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) by 45.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,181 shares of the company's stock after selling 12,600 shares during the quarter. Hoey Investments Inc. owned 0.20% of Direxion Daily AMZN Bull 2X Shares worth $455,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TRUE Private Wealth Advisors grew its holdings in Direxion Daily AMZN Bull 2X Shares by 0.8% in the 4th quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company's stock valued at $2,281,000 after buying an additional 442 shares during the last quarter. Optiver Holding B.V. grew its holdings in Direxion Daily AMZN Bull 2X Shares by 340.7% in the 4th 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 during the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at approximately $1,043,000. Renaissance Technologies LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at approximately $475,000. Finally, Empowered Funds LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at approximately $262,000.
Direxion Daily AMZN Bull 2X Shares Stock Performance
Shares of NASDAQ:AMZU traded down $0.37 during trading on Friday, hitting $34.78. 1,234,718 shares of the stock were exchanged, compared to its average volume of 1,043,991. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $21.28 and a 1-year high of $50.61. The company has a market capitalization of $246.94 million, a price-to-earnings ratio of 32.75 and a beta of -2.52. The company's fifty day simple moving average is $30.18 and its 200-day simple moving average is $37.02.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.2007 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, March 25th.
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.
Further Reading
Before you consider Direxion Daily AMZN Bull 2X Shares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion Daily AMZN Bull 2X Shares wasn't on the list.
While Direxion Daily AMZN Bull 2X Shares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
