Direxion Daily AMZN Bull 2X Shares (AMZU) To Go Ex-Dividend on March 24th

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.1694 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of AMZU stock opened at $26.75 on Wednesday. The stock has a 50 day moving average price of $30.61 and a 200 day moving average price of $34.58. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $21.28 and a 52-week high of $46.88. The firm has a market capitalization of $251.45 million, a P/E ratio of 32.75 and a beta of 1.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMZU. Tower Research Capital LLC TRC increased its stake in Direxion Daily AMZN Bull 2X Shares by 13.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock worth $202,000 after buying an additional 665 shares during the period. TRUE Private Wealth Advisors boosted its position in Direxion Daily AMZN Bull 2X Shares by 1.3% in the 3rd quarter. TRUE Private Wealth Advisors now owns 53,509 shares of the company’s stock valued at $1,861,000 after buying an additional 683 shares during the period. PayPay Securities Corp grew its stake 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 acquiring an additional 703 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth about $25,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth approximately $41,000.

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.