Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) was the recipient of a large growth in short interest in 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. Currently, 20.7% of the company's stock are sold short. Based on an average daily trading volume, of 925,400 shares, the short-interest ratio is currently 1.0 days.
Direxion Daily AMZN Bull 2X Shares Price Performance
AMZU traded down $1.30 during trading on Friday, reaching $24.75. The company had a trading volume of 2,861,846 shares, compared to its average volume of 812,556. The company has a market cap of $163.33 million, a P/E ratio of 41.93 and a beta of 1.87. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.71 and a 12 month high of $50.61. The business's fifty day moving average price is $38.94 and its 200 day moving average price is $38.81.
Direxion Daily AMZN Bull 2X Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.2007 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.80 annualized dividend and a yield of 3.24%.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares
Large investors have recently added to or reduced their stakes in the company. PayPay Securities Corp bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in shares of Direxion Daily AMZN Bull 2X Shares by 44.7% during the 4th quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company's stock worth $53,000 after acquiring an additional 386 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the third quarter valued at approximately $64,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth $85,000. Finally, SBI Securities Co. Ltd. bought a new position in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $228,000.
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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