Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Shares Sold by Hoey Investments Inc.

Hoey Investments Inc. trimmed its holdings in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) by 12.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,781 shares of the company’s stock after selling 3,990 shares during the period. Direxion Daily AMZN Bull 2X Shares comprises 0.2% of Hoey Investments Inc.’s portfolio, making the stock its 25th biggest holding. Hoey Investments Inc.’s holdings in Direxion Daily AMZN Bull 2X Shares were worth $1,167,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMZU. Simplex Trading LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $1,043,000. Hollencrest Capital Management bought a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $85,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at $228,000. PayPay Securities Corp acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth $31,000. Finally, Empowered Funds LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $262,000.

Direxion Daily AMZN Bull 2X Shares Stock Down 8.8 %

NASDAQ:AMZU opened at $30.75 on Monday. The stock has a fifty day simple moving average of $40.29 and a 200 day simple moving average of $38.99. The firm has a market capitalization of $136.84 million, a price-to-earnings ratio of 45.17 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $22.12 and a 1-year high of $50.61.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.2007 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, March 25th.

Direxion Daily AMZN Bull 2X Shares Profile

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.