Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,144,822 shares, a growth of 66.2% from the January 29th total of 1,290,119 shares. Currently, 22.8% of the shares of the stock are sold short. Based on an average trading volume of 6,058,416 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 6,058,416 shares, the short-interest ratio is currently 0.4 days. Currently, 22.8% of the shares of the stock are sold short.

Direxion Daily AMZN Bull 2X Shares Stock Performance

NASDAQ AMZU opened at $27.97 on Friday. The company has a market cap of $262.92 million, a P/E ratio of 32.75 and a beta of 1.95. Direxion Daily AMZN Bull 2X Shares has a one year low of $21.28 and a one year high of $46.88. The business has a fifty day moving average price of $33.44 and a 200 day moving average price of $35.86.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $1.2027 dividend. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, December 10th. This represents a $4.81 annualized dividend and a yield of 17.2%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 9,912.7% in the fourth quarter. UBS Group AG now owns 456,078 shares of the company’s stock valued at $15,940,000 after buying an additional 451,523 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $1,976,000. Group One Trading LLC increased its position in Direxion Daily AMZN Bull 2X Shares by 122.2% in the 3rd quarter. Group One Trading LLC now owns 76,418 shares of the company’s stock valued at $2,658,000 after acquiring an additional 42,031 shares during the period. Focused Wealth Management Inc purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter valued at approximately $620,000. Finally, Sheets Smith Investment Management purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at approximately $478,000.

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.