Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,952,669 shares, a growth of 68.6% from the July 15th total of 1,750,773 shares. Based on an average daily trading volume, of 3,385,315 shares, the days-to-cover ratio is presently 0.9 days. Currently, 32.6% of the company’s shares are sold short.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock opened at $38.35 on Tuesday. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $24.54 and a 1-year high of $47.14. The firm has a market cap of $347.07 million, a PE ratio of 32.75 and a beta of 2.49. The company has a 50-day moving average of $35.83 and a two-hundred day moving average of $34.76.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.1722 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 23rd.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Several institutional investors have recently added to or reduced their stakes in AMZU. SOA Wealth Advisors LLC. raised its position in Direxion Daily AMZN Bull 2X Shares by 56.9% in the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after purchasing an additional 640 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily AMZN Bull 2X Shares by 13.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock valued at $202,000 after buying an additional 665 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in shares of Direxion Daily AMZN Bull 2X Shares by 1.3% in the third quarter. TRUE Private Wealth Advisors now owns 53,509 shares of the company’s stock valued at $1,861,000 after buying an additional 683 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $41,000. Finally, Parallel Advisors LLC lifted its stake in Direxion Daily AMZN Bull 2X Shares by 507.7% during the 3rd quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock worth $69,000 after acquiring an additional 1,650 shares in the last quarter.

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.