Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 77.0% in January

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 153,820 shares, an increase of 77.0% from the December 31st total of 86,892 shares. Currently, 30.8% of the company’s shares are short sold. Based on an average daily volume of 6,713,150 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 6,713,150 shares, the short-interest ratio is presently 0.0 days. Currently, 30.8% of the company’s shares are short sold.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the company. PayPay Securities Corp grew its holdings in Direxion Daily AMZN Bear 1X Shares by 96.1% during the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after acquiring an additional 1,857 shares during the period. Flow Traders U.S. LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $119,000. Tower Research Capital LLC TRC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $164,000. Optiver Holding B.V. boosted its holdings in shares of Direxion Daily AMZN Bear 1X Shares by 986.9% during the 3rd quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after buying an additional 51,032 shares in the last quarter. Finally, 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.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.1%

NASDAQ AMZD opened at $9.71 on Friday. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $9.03 and a 12 month high of $15.25. The business’s 50-day moving average price is $9.97 and its two-hundred day moving average price is $10.29.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.0774 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.