Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 263,800 shares, an increase of 97.6% from the March 31st total of 133,500 shares. Based on an average daily volume of 244,200 shares, the short-interest ratio is presently 1.1 days.
Direxion Daily AMZN Bull 2X Shares Price Performance
NASDAQ:AMZU traded up $2.13 during trading hours on Friday, hitting $33.35. The company's stock had a trading volume of 620,162 shares, compared to its average volume of 242,199. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $16.35 and a twelve month high of $37.50. The stock has a fifty day simple moving average of $33.57 and a 200-day simple moving average of $28.99. The company has a market capitalization of $76.04 million, a P/E ratio of 121.61 and a beta of -2.52.
Direxion Daily AMZN Bull 2X Shares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a $0.2117 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.54%.
Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors increased its holdings in Direxion Daily AMZN Bull 2X Shares by 1.7% in the 1st quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company's stock worth $1,830,000 after purchasing an additional 915 shares in the last quarter. Hoey Investments Inc. increased its stake in shares of Direxion Daily AMZN Bull 2X Shares by 51.9% in the third quarter. Hoey Investments Inc. now owns 30,460 shares of the company's stock valued at $663,000 after buying an additional 10,410 shares during the period. IMC Chicago LLC raised its holdings in Direxion Daily AMZN Bull 2X Shares by 44.9% in the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company's stock valued at $660,000 after buying an additional 7,525 shares during the last quarter. Traynor Capital Management Inc. boosted its position in Direxion Daily AMZN Bull 2X Shares by 4.3% during 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. Finally, Virtu Financial LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $260,000.
About Direxion Daily AMZN Bull 2X Shares
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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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