Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Raises Dividend to $1.20 Per Share

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 10th will be paid a dividend of 1.2027 per share on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Wednesday, December 10th. This is a 442.4% increase from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22.

Direxion Daily AMZN Bull 2X Shares Stock Down 0.0%

Shares of Direxion Daily AMZN Bull 2X Shares stock traded down $0.01 on Wednesday, reaching $35.77. The company’s stock had a trading volume of 1,391,505 shares, compared to its average volume of 1,806,792. The company has a market capitalization of $415.65 million, a P/E ratio of 32.75 and a beta of 1.95. The stock has a 50-day moving average price of $36.93 and a 200-day moving average price of $37.02. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $21.28 and a 52-week high of $50.61.

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

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 52.3% in the first quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock valued at $1,158,000 after purchasing an additional 13,270 shares during the period. SOA Wealth Advisors LLC. acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $41,000. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily AMZN Bull 2X Shares by 2.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 22,704 shares of the company’s stock valued at $833,000 after buying an additional 484 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $281,000. Finally, Group One Trading LLC raised its position in shares of Direxion Daily AMZN Bull 2X Shares by 898.5% during the 2nd quarter. Group One Trading LLC now owns 34,387 shares of the company’s stock valued at $1,261,000 after buying an additional 30,943 shares during the period.

About Direxion Daily AMZN Bull 2X Shares

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.