Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Significant Increase in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 920,200 shares, a growth 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 daily trading volume, of 925,400 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of AMZU. PayPay Securities Corp bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at about $31,000. Toth Financial Advisory Corp raised its holdings in Direxion Daily AMZN Bull 2X Shares by 44.7% in the 4th quarter. Toth Financial Advisory Corp now owns 1,250 shares of the company’s stock valued at $53,000 after acquiring an additional 386 shares in the last quarter. Morse Asset Management Inc acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at approximately $64,000. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth approximately $85,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $228,000.

Direxion Daily AMZN Bull 2X Shares Stock Up 2.0 %

Shares of NASDAQ AMZU opened at $30.57 on Wednesday. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $22.12 and a 12 month high of $50.61. The company has a market cap of $201.76 million, a P/E ratio of 45.17 and a beta of -2.52. The business’s 50 day moving average is $39.70 and its two-hundred day moving average is $38.95.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

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

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.