Short Interest in Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Declines By 43.4%

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 75,062 shares, a decrease of 43.4% from the August 15th total of 132,716 shares. Based on an average daily trading volume, of 9,659,777 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.1% of the shares of the company are sold short.

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

Several large investors have recently modified their holdings of AMZD. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X ETF in the 1st quarter valued at about $330,000. IMC Chicago LLC bought a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter worth $1,479,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Direxion Daily AMZN Bear 1X ETF in the first quarter worth $35,000.

Direxion Daily AMZN Bear 1X ETF Price Performance

Shares of Direxion Daily AMZN Bear 1X ETF stock opened at $8.64 on Tuesday. The firm has a 50-day moving average of $8.69 and a 200-day moving average of $9.32. Direxion Daily AMZN Bear 1X ETF has a 52-week low of $7.64 and a 52-week high of $11.77.

About Direxion Daily AMZN Bear 1X ETF

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.