Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 38.8% in September

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 140,500 shares, an increase of 38.8% from the August 31st total of 101,200 shares. Based on an average trading volume of 905,200 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of institutional investors have recently made changes to their positions in AMZU. Hollencrest Capital Management acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter valued at $37,000. Capital CS Group LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the first quarter worth about $255,000. Virtu Financial LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $260,000. Regal Investment Advisors LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter valued at approximately $273,000. Finally, Client First Investment Management LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the second quarter worth approximately $297,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU stock opened at $32.98 on Friday. The company’s 50 day simple moving average is $30.81 and its 200-day simple moving average is $33.49. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $19.37 and a 12 month high of $40.20. The firm has a market capitalization of $173.15 million, a PE ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be issued a dividend of $0.3042 per share. This represents a $1.22 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Tuesday, September 24th. 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

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.