Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Stock Short Interest Rises 88.7%

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 141,675 shares, a growth of 88.7% from the August 31st total of 75,062 shares. Based on an average daily trading volume, of 10,154,988 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.6% of the company’s shares are short sold.

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

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

Direxion Daily AMZN Bear 1X ETF Stock Down 1.0%

NASDAQ:AMZD traded down $0.09 during mid-day trading on Wednesday, reaching $8.75. The company’s stock had a trading volume of 13,204,318 shares, compared to its average volume of 11,545,433. The company’s fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $9.16. Direxion Daily AMZN Bear 1X ETF has a twelve month low of $7.64 and a twelve month high of $11.77.

Direxion Daily AMZN Bear 1X ETF 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.