Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 920,200 shares, a growth of 25.6% from the February 28th total of 732,400 shares. Based on an average daily trading volume, of 925,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 20.7% of the shares of the company are sold short.
Direxion Daily AMZN Bull 2X Shares Stock Performance
AMZU stock traded down $2.13 during mid-day trading on Friday, hitting $23.92. The company had a trading volume of 3,848,792 shares, compared to its average volume of 820,911. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $22.12 and a 12 month high of $50.61. The stock's fifty day moving average price is $38.47 and its two-hundred day moving average price is $38.79. The firm has a market cap of $157.87 million, a PE ratio of 41.93 and a beta of 1.87.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.2007 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.36%.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares
Several institutional investors and hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. lifted its position in shares of Direxion Daily AMZN Bull 2X Shares by 340.7% during the 4th quarter. Optiver Holding B.V. now owns 53,029 shares of the company's stock valued at $2,228,000 after buying an additional 40,995 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Direxion Daily AMZN Bull 2X Shares by 0.8% in the 4th quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company's stock valued at $2,281,000 after acquiring an additional 442 shares during the period. Renaissance Technologies LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at about $475,000. Simplex Trading LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $1,043,000. Finally, Hollencrest Capital Management purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth about $85,000.
About Direxion Daily AMZN Bull 2X Shares
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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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