1,000 Shares in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Bought by Hollencrest Capital Management

Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) in the second quarter, Holdings Channel.com reports. The firm bought 1,000 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.7% during the 1st quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company’s stock valued at $1,830,000 after acquiring an additional 915 shares during the period. Capital CS Group LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the first quarter worth about $255,000. Finally, Virtu Financial LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth approximately $260,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock opened at $34.72 on Friday. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $19.37 and a 12 month high of $40.20. The company has a market capitalization of $182.28 million, a PE ratio of 120.98 and a beta of -2.52. The firm’s 50-day moving average is $30.86 and its two-hundred day moving average is $33.43.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were paid a $0.2529 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $1.01 annualized dividend and a dividend yield of 2.91%.

About Direxion Daily AMZN Bull 2X Shares

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.