Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 132,716 shares, a drop of 88.5% from the July 30th total of 1,149,545 shares. Based on an average daily trading volume, of 10,014,087 shares, the days-to-cover ratio is presently 0.0 days. Approximately 10.8% of the shares of the company are short sold.
Direxion Daily AMZN Bear 1X Shares Stock Up 0.5%
Shares of AMZD stock traded up $0.04 during trading hours on Tuesday, hitting $8.40. The company’s stock had a trading volume of 8,662,918 shares, compared to its average volume of 11,688,531. The company has a 50 day moving average of $8.98 and a 200 day moving average of $9.60. Direxion Daily AMZN Bear 1X Shares has a 12-month low of $7.64 and a 12-month high of $11.77.
Direxion Daily AMZN Bear 1X Shares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.0623 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.
Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares
About Direxion Daily AMZN Bear 1X Shares
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.
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