Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Posted by Joseph Griffin on Jul 1st, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 18,700 shares, a growth of 22.2% from the May 31st total of 15,300 shares. Based on an average daily volume of 44,500 shares, the short-interest ratio is currently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 2.3 %

Direxion Daily AMZN Bear 1X Shares stock opened at $13.48 on Monday. The firm has a 50 day moving average price of $14.32 and a 200 day moving average price of $15.31. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $13.05 and a fifty-two week high of $22.56.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be issued a $0.1741 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $0.70 annualized dividend and a dividend yield of 5.17%.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned approximately 26.37% of Direxion Daily AMZN Bear 1X Shares as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily AMZN Bear 1X Shares Company Profile

(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.