Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 13,739 shares of the company's stock, valued at approximately $446,000. Flow Traders U.S. LLC owned approximately 0.28% of Direxion Daily AMZN Bull 2X Shares as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Client First Investment Management LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the second quarter valued at approximately $297,000. Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% during the third quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company's stock valued at $697,000 after acquiring an additional 7,750 shares during the last quarter. Regal Investment Advisors LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth about $273,000. Finally, Hollencrest Capital Management acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $37,000.
Direxion Daily AMZN Bull 2X Shares Trading Up 2.2 %
Shares of NASDAQ AMZU traded up $0.95 on Thursday, reaching $43.82. 939,346 shares of the company traded hands, compared to its average volume of 594,001. Direxion Daily AMZN Bull 2X Shares has a fifty-two week low of $22.11 and a fifty-two week high of $44.44. The company has a 50 day moving average of $35.38 and a 200 day moving average of $33.85. The stock has a market capitalization of $216.03 million, a PE ratio of 120.98 and a beta of -2.52.
Direxion Daily AMZN Bull 2X Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.3042 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from Direxion Daily AMZN Bull 2X Shares's previous quarterly dividend of $0.25.
Direxion Daily AMZN Bull 2X Shares Company Profile
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Free Report)
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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