Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 73,750 shares, a decrease of 71.9% from the June 15th total of 262,164 shares. Based on an average daily volume of 16,488,658 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.1% of the company’s stock are sold short.

Direxion Daily AMZN Bear 1X Shares Stock Up 0.8%

NASDAQ:AMZD traded up $0.07 during mid-day trading on Friday, hitting $9.20. The stock had a trading volume of 11,859,158 shares, compared to its average volume of 11,552,245. The stock has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $9.84. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $8.19 and a twelve month high of $11.77.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.0623 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC raised its holdings in Direxion Daily AMZN Bear 1X Shares by 482.4% during the fourth quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock worth $1,884,000 after purchasing an additional 155,137 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 1st quarter worth approximately $1,479,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $1,029,000. Hamilton Wealth LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 1st quarter valued at $990,000. Finally, Advisory Services Network LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at $747,000.

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.