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

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 630,500 shares, a growth of 89.0% from the December 31st total of 333,600 shares. Based on an average trading volume of 858,900 shares, the short-interest ratio is presently 0.7 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of Direxion Daily AMZN Bull 2X Shares stock traded up $1.18 during trading hours on Friday, reaching $48.62. The company had a trading volume of 733,553 shares, compared to its average volume of 645,427. The firm has a market cap of $220.25 million, a PE ratio of 120.98 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a one year low of $22.11 and a one year high of $50.40. The business has a fifty day simple moving average of $43.82 and a 200 day simple moving average of $36.51.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZU. TRUE Private Wealth Advisors raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% in the 3rd quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock valued at $1,746,000 after acquiring an additional 639 shares in the last quarter. IMC Chicago LLC raised its stake in Direxion Daily AMZN Bull 2X Shares by 203.6% in the fourth quarter. IMC Chicago LLC now owns 48,433 shares of the company’s stock valued at $2,035,000 after purchasing an additional 32,482 shares in the last quarter. Jane Street Group LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares during the third quarter valued at approximately $1,164,000. Virtu Financial LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth approximately $1,158,000. Finally, Traynor Capital Management Inc. increased its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after buying an additional 7,750 shares during 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.