Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 16.9% in March

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 133,500 shares, a decline of 16.9% from the March 15th total of 160,700 shares. Based on an average trading volume of 229,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital CS Group LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 1st quarter worth $255,000. Virtu Financial LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth $260,000. IMC Chicago LLC grew its stake in Direxion Daily AMZN Bull 2X Shares by 44.9% during the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock worth $660,000 after buying an additional 7,525 shares during the last quarter. TRUE Private Wealth Advisors grew its stake in Direxion Daily AMZN Bull 2X Shares by 0.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 52,821 shares of the company’s stock worth $1,435,000 after buying an additional 478 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its stake in Direxion Daily AMZN Bull 2X Shares by 4.3% during the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock worth $425,000 after buying an additional 650 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU traded down $1.00 during trading on Monday, reaching $35.06. 194,808 shares of the company were exchanged, compared to its average volume of 229,345. The firm has a 50 day moving average of $33.38 and a 200 day moving average of $28.39. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $16.35 and a 52 week high of $37.50.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a dividend of $0.2117 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.85 dividend on an annualized basis and a yield of 2.42%.

Direxion Daily AMZN Bull 2X Shares 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.