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

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 263,800 shares, a growth of 97.6% from the March 31st total of 133,500 shares. Based on an average trading volume of 244,200 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

AMZU opened at $31.22 on Friday. The firm’s fifty day moving average price is $33.53 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $71.18 million, a price-to-earnings ratio of 121.61 and a beta of -2.52. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $16.35 and a 1 year high of $37.50.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were issued a dividend of $0.2117 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.85 dividend on an annualized basis and a yield of 2.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TRUE Private Wealth Advisors grew its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.7% during the 1st quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company’s stock valued at $1,830,000 after acquiring an additional 915 shares during the period. Capital CS Group LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the 1st quarter valued at about $255,000. Virtu Financial LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at about $260,000. IMC Chicago LLC raised its stake in Direxion Daily AMZN Bull 2X Shares by 44.9% in the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock valued at $660,000 after acquiring an additional 7,525 shares during the period. Finally, Traynor Capital Management Inc. raised its stake in Direxion Daily AMZN Bull 2X Shares by 4.3% in the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock valued at $425,000 after acquiring an additional 650 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.