Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 68.6% in July

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZUGet Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,952,669 shares, a growth of 68.6% from the July 15th total of 1,750,773 shares. Currently, 32.6% of the shares of the stock are sold short. Based on an average daily volume of 3,385,315 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of large investors have recently bought and sold shares of the business. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at $41,000. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily AMZN Bull 2X Shares by 56.9% in the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after purchasing an additional 640 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $69,000. Parallel Advisors LLC grew its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 507.7% during the third quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock worth $69,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily AMZN Bull 2X Shares by 13.8% in 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 in the last quarter.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock opened at $38.77 on Monday. The company has a market capitalization of $350.87 million, a P/E ratio of 32.75 and a beta of 2.49. Direxion Daily AMZN Bull 2X Shares has a 12-month low of $24.54 and a 12-month high of $47.14. The firm has a 50-day moving average price of $35.78 and a 200 day moving average price of $34.76.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.1722 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.8%.

Direxion Daily AMZN Bull 2X Shares Company Profile

(Get Free Report)

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.

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