Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Grows By 22.7%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,221,966 shares, a growth of 22.7% from the February 26th total of 1,810,947 shares. Based on an average daily trading volume, of 3,832,156 shares, the short-interest ratio is presently 0.6 days. Approximately 23.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of institutional investors have recently made changes to their positions in AMZU. Virtu Financial LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at about $1,976,000. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $41,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth about $69,000. UBS Group AG increased its stake in shares of Direxion Daily AMZN Bull 2X Shares by 9,912.7% in the 4th quarter. UBS Group AG now owns 456,078 shares of the company’s stock valued at $15,940,000 after acquiring an additional 451,523 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $620,000.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of AMZU stock opened at $25.02 on Tuesday. The firm’s 50 day moving average price is $29.74 and its two-hundred day moving average price is $34.19. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $21.28 and a 52-week high of $46.88. The stock has a market cap of $235.19 million, a PE ratio of 32.75 and a beta of 1.95.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a $0.1694 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, March 24th.

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.