Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Grows By 97.0%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZDGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 145,276 shares, a growth of 97.0% from the June 30th total of 73,750 shares. Approximately 12.4% of the company’s shares are short sold. Based on an average daily volume of 13,887,954 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC increased its position in Direxion Daily AMZN Bear 1X Shares by 482.4% during the fourth quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock worth $1,884,000 after acquiring an additional 155,137 shares during the period. IMC Chicago LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the first quarter valued at approximately $1,479,000. Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $1,029,000. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 1st quarter valued at $990,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $747,000.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of AMZD traded down $1.41 during trading hours on Friday, reaching $8.13. The stock had a trading volume of 9,601,698 shares, compared to its average volume of 11,796,737. The firm has a 50-day moving average of $9.24 and a 200 day moving average of $9.78. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $8.09 and a 52 week high of $11.77.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0623 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

The Direxion Daily AMZN Bear 1X Shares ETF (AMZD) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZD was launched on Sep 7, 2022 and is managed by Direxion.

Further Reading

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