Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 23.0% in September

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 32,100 shares, an increase of 23.0% from the August 31st total of 26,100 shares. Based on an average trading volume of 53,600 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.8 %

AMZD opened at $13.66 on Friday. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $12.99 and a twelve month high of $22.56. The firm’s fifty day moving average is $14.54 and its two-hundred day moving average is $14.36.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be paid a $0.1408 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.56 dividend on an annualized basis and a yield of 4.12%.

About Direxion Daily AMZN Bear 1X Shares

The Direxion Daily AMZN Bear 1X Shares ETF (AMZD) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZD was launched on Sep 7, 2022 and is managed by Direxion.