Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Significant Decline in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 133,500 shares, a drop of 16.9% from the March 15th total of 160,700 shares. Based on an average daily volume of 229,300 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Several hedge funds and other institutional investors have recently modified their holdings of AMZU. Capital CS Group LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the 1st quarter worth approximately $255,000. Virtu Financial LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $260,000. IMC Chicago LLC boosted its position in shares of Direxion Daily AMZN Bull 2X Shares by 44.9% during the fourth quarter. IMC Chicago LLC now owns 24,287 shares of the company's stock valued at $660,000 after purchasing an additional 7,525 shares in the last quarter. TRUE Private Wealth Advisors lifted its position in Direxion Daily AMZN Bull 2X Shares by 0.9% during the fourth quarter. TRUE Private Wealth Advisors now owns 52,821 shares of the company's stock valued at $1,435,000 after buying an additional 478 shares during the period. Finally, Traynor Capital Management Inc. grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 4.3% in the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company's stock worth $425,000 after buying an additional 650 shares during the period.

Direxion Daily AMZN Bull 2X Shares Trading Down 3.1 %

Shares of AMZU stock traded down $1.15 during trading hours on Friday, hitting $36.06. 236,260 shares of the company's stock were exchanged, compared to its average volume of 229,769. The business's 50 day simple moving average is $33.31 and its 200-day simple moving average is $28.20. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $15.90 and a 12-month high of $37.50.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were given a $0.2117 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.85 annualized dividend and a yield of 2.35%.

About Direxion Daily AMZN Bull 2X Shares

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.