Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 499,800 shares, a decline of 25.7% from the November 30th total of 673,000 shares. Based on an average trading volume of 830,100 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the third quarter valued at $1,158,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth about $1,164,000. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at about $64,000. TRUE Private Wealth Advisors raised its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% during the 3rd quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company's stock valued at $1,746,000 after buying an additional 639 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at about $446,000.
Direxion Daily AMZN Bull 2X Shares Stock Down 2.8 %
AMZU stock traded down $1.25 during mid-day trading on Friday, hitting $43.89. The company had a trading volume of 513,004 shares, compared to its average volume of 603,810. The company has a 50-day moving average price of $39.87 and a 200 day moving average price of $35.25. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $22.11 and a 12-month high of $48.08. The company has a market capitalization of $216.38 million, a price-to-earnings ratio of 120.98 and a beta of -2.52.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.2818 per share. The ex-dividend date is Monday, December 23rd.
Direxion Daily AMZN Bull 2X Shares Company Profile
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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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