Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 153.7% in December

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 88,800 shares, a growth of 153.7% from the December 15th total of 35,000 shares. Based on an average daily volume of 58,600 shares, the short-interest ratio is currently 1.5 days.

Direxion Daily AMZN Bear 1X Shares Stock Up 0.2 %

NASDAQ:AMZD opened at $11.58 on Tuesday. The stock’s fifty day moving average price is $11.79 and its two-hundred day moving average price is $13.29. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $10.97 and a 52-week high of $17.63.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.1119 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

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.