Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Declines By 16.0%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 602,300 shares, a decrease of 16.0% from the March 31st total of 716,800 shares. Based on an average daily trading volume, of 1,305,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 8.2% of the company's stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter worth approximately $1,158,000. Toth Financial Advisory Corp lifted its position in Direxion Daily AMZN Bull 2X Shares by 44.7% in the fourth 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. IMC Chicago LLC boosted its position in Direxion Daily AMZN Bull 2X Shares by 203.6% during the 4th quarter. IMC Chicago LLC now owns 48,433 shares of the company's stock valued at $2,035,000 after buying an additional 32,482 shares during the period. Empowered Funds LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $262,000. Finally, PayPay Securities Corp bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth approximately $31,000.

Direxion Daily AMZN Bull 2X Shares Stock Down 0.2 %

Direxion Daily AMZN Bull 2X Shares stock opened at $28.50 on Friday. The company's 50 day moving average price is $29.98 and its two-hundred day moving average price is $37.70. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $21.28 and a 52 week high of $50.61. The stock has a market cap of $202.35 million, a P/E ratio of 29.64 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.2007 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.82%.

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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