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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZDGet Free Report) was the recipient of a large 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 trading volume, of 119,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of AMZD. PayPay Securities Corp purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the fourth quarter valued at approximately $64,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the third quarter valued at approximately $168,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the fourth quarter valued at approximately $243,000. Finally, Jump Financial LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the fourth quarter valued at approximately $618,000.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of AMZD stock traded up $0.11 on Friday, reaching $11.07. The stock had a trading volume of 95,495 shares, compared to its average volume of 184,393. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $10.44 and a 1 year high of $16.84. The company has a 50 day simple moving average of $11.11 and a 200 day simple moving average of $12.82.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

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

About Direxion Daily AMZN Bear 1X Shares

(Get Free Report)

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.

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