Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD – Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $8.57 and traded as low as $8.51. Direxion Daily AMZN Bear 1X ETF shares last traded at $8.53, with a volume of 14,090,977 shares changing hands.
Direxion Daily AMZN Bear 1X ETF Trading Down 0.7%
The stock’s 50-day moving average is $8.57 and its two-hundred day moving average is $9.36.
Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X ETF
A number of large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in Direxion Daily AMZN Bear 1X ETF during the 1st quarter valued at $35,000. Hamilton Wealth LLC bought a new position in shares of Direxion Daily AMZN Bear 1X ETF during the 1st quarter valued at $330,000. Finally, IMC Chicago LLC bought a new position in shares of Direxion Daily AMZN Bear 1X ETF during the 1st quarter valued at $1,479,000.
About Direxion Daily AMZN Bear 1X ETF
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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