Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Significant Decrease in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 333,600 shares, a decline of 33.3% from the December 15th total of 499,800 shares. Based on an average trading volume of 825,200 shares, the short-interest ratio is currently 0.4 days.

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

A number of institutional investors have recently modified their holdings of AMZU. Virtu Financial LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth approximately $1,158,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter worth $1,164,000. Morse Asset Management Inc purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth $64,000. TRUE Private Wealth Advisors raised its stake in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% in the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company's stock valued at $1,746,000 after acquiring an additional 639 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter valued at $446,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock traded up $2.13 during trading hours on Wednesday, hitting $43.29. The company had a trading volume of 455,770 shares, compared to its average volume of 553,886. The stock has a market capitalization of $197.84 million, a PE ratio of 120.98 and a beta of -2.52. The company's fifty day moving average is $42.03 and its 200 day moving average is $35.86. Direxion Daily AMZN Bull 2X Shares has a fifty-two week low of $22.11 and a fifty-two week high of $48.08.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2818 per share. The ex-dividend date was Monday, December 23rd.

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.