Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Increases By 133.6%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 349,937 shares, an increase of 133.6% from the April 15th total of 149,781 shares. Based on an average daily volume of 11,173,570 shares, the days-to-cover ratio is presently 0.0 days. Currently, 19.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZD. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $119,000. Jane Street Group LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter worth about $1,029,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth about $164,000. Advisory Services Network LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth approximately $747,000. Finally, Cibc World Market Inc. bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the third quarter worth approximately $888,000.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.8%

Shares of AMZD stock traded up $0.15 during mid-day trading on Friday, reaching $8.70. The company’s stock had a trading volume of 560,698 shares, compared to its average volume of 10,121,667. The firm’s 50-day moving average is $9.93 and its two-hundred day moving average is $10.11. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $8.19 and a 1-year high of $12.13.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0541 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

About Direxion Daily AMZN Bear 1X Shares

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.