Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Grows By 97.0%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 145,276 shares, an increase of 97.0% from the June 30th total of 73,750 shares. Currently, 12.4% of the company’s shares are sold short. Based on an average trading volume of 13,887,954 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD stock traded up $0.13 during midday trading on Wednesday, reaching $9.89. The stock had a trading volume of 1,707,793 shares, compared to its average volume of 11,708,457. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $8.19 and a twelve month high of $11.77. The business has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $9.78.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0623 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.25 annualized dividend and a dividend yield of 2.5%.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC lifted its stake in shares of Direxion Daily AMZN Bear 1X Shares by 482.4% in the 4th quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock valued at $1,884,000 after purchasing an additional 155,137 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the first quarter worth $1,479,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth $1,029,000. Hamilton Wealth LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares in the first quarter valued at about $990,000. Finally, Advisory Services Network LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at about $747,000.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.