Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 630,500 shares, an increase of 89.0% from the December 31st total of 333,600 shares. Based on an average daily volume of 858,900 shares, the days-to-cover ratio is presently 0.7 days.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter valued at about $1,164,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth approximately $1,158,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter valued at approximately $446,000. 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 purchasing an additional 7,750 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in Direxion Daily AMZN Bull 2X Shares by 44.7% during the fourth quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company's stock valued at $53,000 after buying an additional 386 shares during the period.
Direxion Daily AMZN Bull 2X Shares Stock Performance
Direxion Daily AMZN Bull 2X Shares stock traded up $1.90 during trading hours on Tuesday, hitting $50.44. The company had a trading volume of 822,586 shares, compared to its average volume of 671,232. The firm has a market cap of $224.46 million, a P/E ratio of 120.98 and a beta of -2.52. The company has a 50-day moving average price of $44.32 and a two-hundred day moving average price of $36.71. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $22.11 and a 1 year high of $50.61.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.2818 dividend. The ex-dividend date was 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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