Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 1,365.9% in June

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 262,164 shares, an increase of 1,365.9% from the May 31st total of 17,884 shares. Based on an average daily volume of 16,068,905 shares, the days-to-cover ratio is presently 0.0 days. Approximately 14.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A number of institutional investors have recently made changes to their positions in AMZD. Geneos Wealth Management Inc. acquired a new position in Direxion Daily AMZN Bear 1X Shares during the first quarter worth $35,000. PayPay Securities Corp raised its holdings in shares of Direxion Daily AMZN Bear 1X Shares by 69.1% in the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock valued at $64,000 after buying an additional 2,618 shares during the period. Flow Traders U.S. LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter worth about $119,000. Tower Research Capital LLC TRC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at about $164,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $153,000.

Direxion Daily AMZN Bear 1X Shares Trading Down 1.5%

AMZD stock traded down $0.15 during midday trading on Friday, reaching $9.79. The stock had a trading volume of 21,289,653 shares, compared to its average volume of 11,356,479. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $8.19 and a 52-week high of $11.77. The company’s fifty day simple moving average is $8.94 and its 200 day simple moving average is $9.91.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.0623 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.5%.

Direxion Daily AMZN Bear 1X Shares 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.