Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 22.1% in March

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 716,800 shares, a decrease of 22.1% from the March 15th total of 920,200 shares. Currently, 9.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,177,000 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

NASDAQ:AMZU traded up $0.94 during mid-day trading on Tuesday, hitting $23.27. The company's stock had a trading volume of 88,198 shares, compared to its average volume of 881,969. The business's fifty day moving average is $32.71 and its two-hundred day moving average is $38.08. The stock has a market cap of $171.71 million, a price-to-earnings ratio of 29.64 and a beta of 1.87. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $21.28 and a 1 year high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.2007 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

Several hedge funds have recently modified their holdings of AMZU. Optiver Holding B.V. grew its holdings in Direxion Daily AMZN Bull 2X Shares by 340.7% in the fourth quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock valued at $2,228,000 after purchasing an additional 40,995 shares during the period. TRUE Private Wealth Advisors boosted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 0.8% in the fourth quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company's stock worth $2,281,000 after acquiring an additional 442 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $475,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at about $1,043,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $85,000.

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.