Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 33.3% in December

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 333,600 shares, a decline of 33.3% from the December 15th total of 499,800 shares. Based on an average trading volume of 825,200 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU stock opened at $43.29 on Thursday. The company has a market capitalization of $196.10 million, a P/E ratio of 120.98 and a beta of -2.52. The firm’s fifty day simple moving average is $42.11 and its 200-day simple moving average is $35.91. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $22.11 and a 12 month high of $48.08.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.2818 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

Hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at $37,000. Morse Asset Management Inc purchased a new position in Direxion Daily AMZN Bull 2X Shares in the third quarter valued at $64,000. Regal Investment Advisors LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the second quarter worth about $273,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth about $297,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth about $446,000.

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.