StoneX Group Inc. Makes New Investment in Direxion Daily AMZN Bull 2X ETF $AMZU

StoneX Group Inc. bought a new stake in Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,237 shares of the company’s stock, valued at approximately $620,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SOA Wealth Advisors LLC. increased its position in Direxion Daily AMZN Bull 2X ETF by 56.9% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after acquiring an additional 640 shares during the period. Parallel Advisors LLC raised its stake in Direxion Daily AMZN Bull 2X ETF by 75.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,500 shares of the company’s stock valued at $119,000 after acquiring an additional 1,500 shares during the last quarter. Tactive Advisors LLC acquired a new stake in Direxion Daily AMZN Bull 2X ETF during the 2nd quarter worth approximately $249,000. Turner Financial Group Inc. acquired a new stake in Direxion Daily AMZN Bull 2X ETF during the 2nd quarter worth approximately $295,000. Finally, Renaissance Technologies LLC acquired a new stake in Direxion Daily AMZN Bull 2X ETF during the 1st quarter worth approximately $752,000.

Direxion Daily AMZN Bull 2X ETF Trading Down 3.4%

NASDAQ:AMZU opened at $37.74 on Thursday. Direxion Daily AMZN Bull 2X ETF has a 12-month low of $24.54 and a 12-month high of $47.14. The stock’s 50 day simple moving average is $35.32 and its 200-day simple moving average is $35.15. The firm has a market cap of $296.26 million, a P/E ratio of 32.75 and a beta of 2.51.

Direxion Daily AMZN Bull 2X ETF 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.