Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 133.6% in April

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 349,937 shares, an increase of 133.6% from the April 15th total of 149,781 shares. Currently, 19.8% of the company’s shares are short sold. Based on an average trading volume of 11,173,570 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMZD. Jump Financial LLC boosted its stake in Direxion Daily AMZN Bear 1X Shares by 482.4% in the 4th quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock worth $1,884,000 after purchasing an additional 155,137 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the first quarter worth $1,479,000. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the second quarter worth about $1,029,000. Cibc World Market Inc. bought a new position in Direxion Daily AMZN Bear 1X Shares in the third quarter valued at about $888,000. Finally, Advisory Services Network LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth $747,000.

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Direxion Daily AMZN Bear 1X Shares Stock Up 1.8%

NASDAQ AMZD traded up $0.15 during trading on Friday, reaching $8.70. 560,698 shares of the stock traded hands, compared to its average volume of 10,121,667. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $12.13. The stock’s 50-day moving average price is $9.93 and its 200 day moving average price is $10.11.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.0541 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.22 annualized dividend and a yield of 2.5%.

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.

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