Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Significant Increase in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 31,500 shares, an increase of 16.7% from the January 15th total of 27,000 shares. Based on an average daily volume of 119,700 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.0 %

AMZD stock traded up $0.11 during mid-day trading on Friday, hitting $11.07. 95,495 shares of the stock were exchanged, compared to its average volume of 184,393. The business has a fifty day moving average price of $11.11 and a 200 day moving average price of $12.82. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $10.44 and a 12 month high of $16.84.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.1119 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. PayPay Securities Corp purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $64,000. Flow Traders U.S. LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the 3rd quarter valued at approximately $168,000. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at approximately $243,000. Finally, Jump Financial LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at approximately $618,000.

About Direxion Daily AMZN Bear 1X Shares

The Direxion Daily AMZN Bear 1X Shares ETF (AMZD) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZD was launched on Sep 7, 2022 and is managed by Direxion.