Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Short Interest Down 43.4% in August

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 75,062 shares, a decrease of 43.4% from the August 15th total of 132,716 shares. Based on an average daily volume of 9,659,777 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.1% of the shares of the company are short sold.

Direxion Daily AMZN Bear 1X ETF Price Performance

AMZD opened at $8.91 on Thursday. The company’s 50 day moving average is $8.68 and its 200 day moving average is $9.29. Direxion Daily AMZN Bear 1X ETF has a 12-month low of $7.64 and a 12-month high of $11.77.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC purchased a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter valued at $330,000. IMC Chicago LLC purchased a new stake in Direxion Daily AMZN Bear 1X ETF in the first quarter worth about $1,479,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Direxion Daily AMZN Bear 1X ETF in the first quarter worth about $35,000.

Direxion Daily AMZN Bear 1X ETF Company Profile

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.