Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the recipient 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 trading volume of 1,305,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 8.2% of the company's stock are sold short.

Direxion Daily AMZN Bull 2X Shares Trading Up 4.8 %

Shares of NASDAQ AMZU traded up $1.34 during midday trading on Thursday, reaching $29.46. The company's stock had a trading volume of 1,097,277 shares, compared to its average volume of 1,267,697. The stock has a 50 day simple moving average of $29.35 and a 200-day simple moving average of $37.59. The stock has a market capitalization of $209.17 million, a price-to-earnings ratio of 29.64 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a fifty-two week low of $21.28 and a fifty-two week high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given 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 yield of 2.73%.

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

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares during the third quarter valued at approximately $1,158,000. Toth Financial Advisory Corp raised its stake 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 worth $53,000 after purchasing an additional 386 shares in the last quarter. IMC Chicago LLC boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 203.6% in 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 last quarter. Empowered Funds LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $262,000. Finally, PayPay Securities Corp acquired a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $31,000.

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.