Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Increase in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZDGet Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 15th total of 35,000 shares. Based on an average daily trading volume, of 58,600 shares, the short-interest ratio is presently 1.5 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

NASDAQ AMZD opened at $11.32 on Thursday. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $10.97 and a 1-year high of $17.63. The business’s fifty day moving average price is $11.74 and its 200-day moving average price is $13.26.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.1119 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZDFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares as of its most recent filing with the SEC.

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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