TRUE Private Wealth Advisors Increases Stake in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

TRUE Private Wealth Advisors boosted its position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 52,821 shares of the company’s stock after purchasing an additional 478 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Direxion Daily AMZN Bull 2X Shares were worth $1,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZU. Susquehanna International Group LLP lifted its stake in Direxion Daily AMZN Bull 2X Shares by 215.2% during the 4th quarter. Susquehanna International Group LLP now owns 56,005 shares of the company’s stock valued at $722,000 after acquiring an additional 38,237 shares during the period. JPMorgan Chase & Co. lifted its stake in Direxion Daily AMZN Bull 2X Shares by 14.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,867 shares of the company’s stock valued at $581,000 after acquiring an additional 3,220 shares during the period. Citadel Advisors LLC lifted its stake in Direxion Daily AMZN Bull 2X Shares by 65.7% during the 2nd quarter. Citadel Advisors LLC now owns 25,863 shares of the company’s stock valued at $604,000 after acquiring an additional 10,259 shares during the period. Goldman Sachs Group Inc. lifted its stake in Direxion Daily AMZN Bull 2X Shares by 186.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 30,465 shares of the company’s stock valued at $712,000 after acquiring an additional 19,818 shares during the period. Finally, IMC Chicago LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at about $365,000.

Direxion Daily AMZN Bull 2X Shares Stock Down 0.3 %

AMZU traded down $0.10 during midday trading on Wednesday, hitting $34.81. 39,185 shares of the company traded hands, compared to its average volume of 226,836. The firm has a market capitalization of $78.32 million, a PE ratio of 121.61 and a beta of -2.52. The company’s 50-day moving average is $33.44 and its 200 day moving average is $28.48. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $16.35 and a 52 week high of $37.50.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.2117 per share. This represents a $0.85 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, March 19th.

Direxion Daily AMZN Bull 2X Shares Company 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.