Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU) Trading Down 1.2% – Time to Sell?

Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU) dropped 1.2% during trading on Tuesday . The company traded as low as $36.07 and last traded at $36.72. Approximately 1,512,589 shares traded hands during trading, a decline of 52% from the average daily volume of 3,147,935 shares. The stock had previously closed at $37.15.

Direxion Daily AMZN Bull 2X ETF Trading Down 0.5%

The firm has a market cap of $319.01 million, a P/E ratio of 32.75 and a beta of 2.47. The company has a fifty day moving average price of $37.09 and a two-hundred day moving average price of $35.59.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X ETF during the fourth quarter worth $41,000. SOA Wealth Advisors LLC. boosted its stake in Direxion Daily AMZN Bull 2X ETF by 56.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after purchasing an additional 640 shares during the period. Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X ETF during the 4th quarter worth about $69,000. Parallel Advisors LLC increased its holdings in Direxion Daily AMZN Bull 2X ETF by 507.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock worth $69,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Direxion Daily AMZN Bull 2X ETF by 13.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock worth $202,000 after purchasing an additional 665 shares in the last quarter.

Direxion Daily AMZN Bull 2X ETF 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.