Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get 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
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.
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