Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Expands By 104.3%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,600 shares, an increase of 104.3% from the October 15th total of 4,700 shares. Based on an average daily trading volume, of 47,600 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily AMZN Bear 1X Shares Stock Down 2.4 %

Direxion Daily AMZN Bear 1X Shares stock opened at $11.96 on Thursday. Direxion Daily AMZN Bear 1X Shares has a 12-month low of $11.92 and a 12-month high of $19.00. The firm’s 50-day moving average is $13.64 and its two-hundred day moving average is $14.08.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1408 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date was Tuesday, September 24th.

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.