Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Strong Trading Volume – Here’s Why

Shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw strong trading volume on Monday . 3,187,677 shares traded hands during trading, an increase of 80% from the previous session’s volume of 1,767,881 shares.The stock last traded at $45.90 and had previously closed at $42.03.

Direxion Daily AMZN Bull 2X Shares Stock Performance

The business’s 50-day moving average is $36.84 and its 200-day moving average is $35.28. The company has a market capitalization of $534.50 million, a PE ratio of 32.75 and a beta of 1.95.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of AMZU. SBI Securities Co. Ltd. raised its holdings in Direxion Daily AMZN Bull 2X Shares by 2.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 22,704 shares of the company’s stock worth $833,000 after acquiring an additional 484 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily AMZN Bull 2X Shares by 13.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock valued at $202,000 after buying an additional 665 shares during the last quarter. PayPay Securities Corp increased its holdings in Direxion Daily AMZN Bull 2X Shares by 257.5% in the 3rd quarter. PayPay Securities Corp now owns 976 shares of the company’s stock worth $34,000 after buying an additional 703 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $41,000. Finally, HUB Investment Partners LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $281,000.

Direxion Daily AMZN Bull 2X Shares Company Profile

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.