Renaissance Technologies LLC Makes New $752,000 Investment in Direxion Daily AMZN Bull 2X Shares $AMZU

Key Points

• Renaissance Technologies initiated a position in Direxion Daily AMZN Bull 2X Shares, buying 28,000 shares worth approximately $752,000 and representing 0.28% ownership.
• Other institutional investors also increased exposure, including UBS Group, which expanded its holdings by 9,912.7% to 456,078 shares valued at about $15.94 million.
• AMZU recently traded at $38.77, with a market capitalization of $350.87 million and a 52-week range of $24.54 to $47.14. The ETF also announced a quarterly dividend of $0.1722, equivalent to an annualized yield of approximately 1.8%.

Renaissance Technologies LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,000 shares of the company's stock, valued at approximately $752,000. Renaissance Technologies LLC owned 0.28% of Direxion Daily AMZN Bull 2X Shares as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. UBS Group AG raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 9,912.7% in the 4th quarter. UBS Group AG now owns 456,078 shares of the company's stock valued at $15,940,000 after buying an additional 451,523 shares during the period. SG Americas Securities LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares during the 1st quarter valued at about $2,546,000. Virtu Financial LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $1,976,000. Group One Trading LLC grew its position in Direxion Daily AMZN Bull 2X Shares by 898.5% in the 2nd quarter. Group One Trading LLC now owns 34,387 shares of the company's stock valued at $1,261,000 after acquiring an additional 30,943 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $620,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of NASDAQ:AMZU opened at $38.77 on Friday. The firm has a market capitalization of $350.87 million, a PE ratio of 32.75 and a beta of 2.49. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $24.54 and a 1 year high of $47.14. The firm's 50-day moving average is $35.78 and its two-hundred day moving average is $34.78.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1722 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.8%.

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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