Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Grows By 24.4%

Key Points

• Short interest rose 24.4% to 2,946,030 shares as of April 15, giving a short-interest ratio of 1.2 days and about 32.5% of the fund's shares sold short.
• Large institutional moves include UBS boosting its stake to 456,078 shares (a 9,912.7% increase), while other firms like SG Americas and Virtu opened new positions; AMZU opened at $41.13 with a market cap of ~$399 million and a recent quarterly dividend of $0.1694 (annualized yield ~1.6%).

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - ) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,946,030 shares, a growth of 24.4% from the March 31st total of 2,369,086 shares. Based on an average daily volume of 2,506,702 shares, the short-interest ratio is currently 1.2 days. Approximately 32.5% of the company's shares are short sold.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Several large investors have recently added to or reduced their stakes in AMZU. UBS Group AG boosted its holdings in Direxion Daily AMZN Bull 2X Shares by 9,912.7% in the fourth quarter. UBS Group AG now owns 456,078 shares of the company's stock valued at $15,940,000 after acquiring an additional 451,523 shares in the last quarter. SG Americas Securities LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the first quarter valued at $2,546,000. Virtu Financial LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $1,976,000. Group One Trading LLC boosted its holdings in Direxion Daily AMZN Bull 2X Shares by 122.2% in the third quarter. Group One Trading LLC now owns 76,418 shares of the company's stock valued at $2,658,000 after acquiring an additional 42,031 shares in the last quarter. Finally, Focused Wealth Management Inc bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $620,000.

Direxion Daily AMZN Bull 2X Shares Stock Down 1.0%

NASDAQ:AMZU opened at $41.13 on Wednesday. The stock has a market cap of $398.96 million, a P/E ratio of 32.75 and a beta of 2.01. The firm's fifty day simple moving average is $30.68 and its 200 day simple moving average is $33.95. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $24.54 and a twelve month high of $46.88.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.1694 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.68 annualized dividend and a yield of 1.6%.

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.

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