Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Large Increase in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 2,952,669 shares, a growth of 68.6% from the July 15th total of 1,750,773 shares. Currently, 32.6% of the shares of the stock are short sold. Based on an average trading volume of 3,385,315 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $41,000. SOA Wealth Advisors LLC. raised its position in shares of Direxion Daily AMZN Bull 2X Shares by 56.9% during the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after acquiring an additional 640 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at $69,000. Parallel Advisors LLC lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 507.7% during the third quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock valued at $69,000 after acquiring an additional 1,650 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 13.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock valued at $202,000 after acquiring an additional 665 shares during the period.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of NASDAQ AMZU opened at $38.77 on Monday. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $24.54 and a 1-year high of $47.14. The company has a market cap of $350.87 million, a PE ratio of 32.75 and a beta of 2.49. The company has a 50-day moving average of $35.78 and a two-hundred day moving average of $34.76.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1722 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.8%.

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.