Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 25.6% in March

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 920,200 shares, an increase of 25.6% from the February 28th total of 732,400 shares. Currently, 20.7% of the shares of the company are sold short. Based on an average trading volume of 925,400 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently made changes to their positions in AMZU. Optiver Holding B.V. increased its position in Direxion Daily AMZN Bull 2X Shares by 340.7% in the 4th quarter. Optiver Holding B.V. now owns 53,029 shares of the company’s stock valued at $2,228,000 after acquiring an additional 40,995 shares during the period. TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily AMZN Bull 2X Shares by 0.8% in the fourth quarter. TRUE Private Wealth Advisors now owns 54,278 shares of the company’s stock worth $2,281,000 after purchasing an additional 442 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at $475,000. Simplex Trading LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at about $1,043,000. Finally, Hollencrest Capital Management acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth about $85,000.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Direxion Daily AMZN Bull 2X Shares stock opened at $30.57 on Wednesday. Direxion Daily AMZN Bull 2X Shares has a one year low of $22.12 and a one year high of $50.61. The company has a 50-day simple moving average of $39.70 and a 200-day simple moving average of $38.95. The firm has a market capitalization of $201.76 million, a P/E ratio of 45.17 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.2007 dividend. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.