Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Expands By 34.3%

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 totaling 1,360,780 shares, a growth of 34.3% from the December 31st total of 1,013,301 shares. Approximately 14.7% of the shares of the company are sold short. Based on an average trading volume of 2,436,875 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 2,436,875 shares, the short-interest ratio is presently 0.6 days. Approximately 14.7% of the shares of the company are sold short.

Direxion Daily AMZN Bull 2X Shares Stock Up 3.1%

Shares of NASDAQ AMZU opened at $38.15 on Tuesday. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $21.28 and a 52-week high of $50.61. The firm’s 50-day moving average price is $36.24 and its 200-day moving average price is $37.17. The company has a market cap of $355.56 million, a PE ratio of 32.75 and a beta of 1.95.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a $1.2027 dividend. This is an increase from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, December 10th. This represents a $4.81 dividend on an annualized basis and a dividend yield of 12.6%.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $41,000. Focused Wealth Management Inc purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth approximately $620,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $47,000. FNY Investment Advisers LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $25,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $333,000.

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.