Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Significant Decrease in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 97,834 shares, a drop of 72.0% from the April 30th total of 349,937 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 11,812,718 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Several hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in Direxion Daily AMZN Bear 1X Shares by 69.1% in the fourth quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock valued at $64,000 after acquiring an additional 2,618 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the first quarter valued at approximately $35,000. Flow Traders U.S. LLC raised its holdings in Direxion Daily AMZN Bear 1X Shares by 30.1% in the third quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock valued at $152,000 after acquiring an additional 3,272 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $164,000. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the fourth quarter valued at approximately $153,000.

Direxion Daily AMZN Bear 1X Shares Stock Down 0.8%

Shares of NASDAQ:AMZD opened at $8.33 on Friday. The firm’s 50 day moving average price is $9.48 and its 200 day moving average price is $10.02. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $11.92.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0541 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.22 annualized dividend and a yield of 2.6%.

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.