Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Drops By 33.3%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 333,600 shares, a decline of 33.3% from the December 15th total of 499,800 shares. Based on an average trading volume of 825,200 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AMZN Bull 2X Shares Stock Up 4.7 %

AMZU traded up $1.92 during trading hours on Wednesday, reaching $43.08. 170,142 shares of the company’s stock traded hands, compared to its average volume of 513,349. The firm has a 50-day moving average price of $42.03 and a 200 day moving average price of $35.86. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $22.11 and a 52-week high of $48.08. The firm has a market capitalization of $196.88 million, a PE ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2818 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

Several hedge funds have recently made changes to their positions in AMZU. Hollencrest Capital Management purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter worth $37,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth $297,000. Regal Investment Advisors LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth $273,000. Traynor Capital Management Inc. lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after purchasing an additional 7,750 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth $446,000.

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.