Jane Street Group LLC Trims Position in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

Jane Street Group LLC cut its stake in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,395 shares of the company's stock after selling 10,489 shares during the quarter. Jane Street Group LLC owned approximately 0.57% of Direxion Daily AMZN Bull 2X Shares worth $1,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 44.7% during the 4th quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company's stock valued at $53,000 after purchasing an additional 386 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of 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 purchasing an additional 442 shares during the last quarter. PayPay Securities Corp purchased a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $31,000. Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at about $85,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth approximately $228,000.

Direxion Daily AMZN Bull 2X Shares Trading Down 3.0%

Shares of AMZU opened at $31.53 on Thursday. The firm has a market capitalization of $223.86 million, a P/E ratio of 32.75 and a beta of -2.52. The firm has a fifty day moving average price of $29.11 and a 200-day moving average price of $37.55. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $21.28 and a 12-month high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.2007 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Tuesday, March 25th.

Direxion Daily AMZN Bull 2X Shares Company 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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