Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Rises By 33.9%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 695,400 shares, a growth of 33.9% from the October 15th total of 519,400 shares. Based on an average trading volume of 670,400 shares, the days-to-cover ratio is presently 1.0 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth $1,164,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the third quarter valued at about $446,000. Client First Investment Management LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the second quarter worth about $297,000. Traynor Capital Management Inc. increased its position in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd 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 during the last quarter. Finally, Regal Investment Advisors LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $273,000.

Direxion Daily AMZN Bull 2X Shares Stock Down 8.5 %

Shares of AMZU opened at $37.31 on Friday. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $22.11 and a twelve month high of $42.50. The stock has a market cap of $183.94 million, a PE ratio of 120.98 and a beta of -2.52. The business’s 50-day moving average price is $33.84 and its 200-day moving average price is $33.56.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.3042 dividend. This represents a $1.22 annualized dividend and a yield of 3.26%. This is an increase from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, September 24th.

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.