Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 673,000 shares, an increase of 44.3% from the November 15th total of 466,400 shares. Based on an average daily volume of 800,600 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily AMZN Bull 2X Shares Trading Down 1.5 %

NASDAQ AMZU opened at $45.86 on Friday. The business’s 50-day moving average price is $37.27 and its two-hundred day moving average price is $34.44. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $22.11 and a 12 month high of $47.98. The firm has a market capitalization of $226.09 million, a PE ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be given a $0.5409 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

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

A number of institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Direxion Daily AMZN Bull 2X Shares in the second quarter valued at $37,000. Client First Investment Management LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the second quarter worth approximately $297,000. Regal Investment Advisors LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $273,000. Traynor Capital Management Inc. boosted its stake in Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock valued at $697,000 after purchasing an additional 7,750 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth $446,000.

About Direxion Daily AMZN Bull 2X Shares

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.