Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 91.1% in September

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,640,000 shares, a growth of 91.1% from the August 31st total of 858,000 shares. Based on an average trading volume of 1,772,700 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 1,772,700 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter worth about $41,000. 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 worth $202,000 after purchasing an additional 665 shares in the last quarter. HUB Investment Partners LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter worth about $281,000. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 309.2% during the first quarter. SBI Securities Co. Ltd. now owns 22,220 shares of the company’s stock worth $666,000 after purchasing an additional 16,790 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 52.3% during the first quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock worth $1,158,000 after purchasing an additional 13,270 shares in the last quarter.

Direxion Daily AMZN Bull 2X Shares Trading Down 2.7%

Shares of Direxion Daily AMZN Bull 2X Shares stock opened at $34.71 on Friday. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $21.28 and a twelve month high of $50.61. The stock has a market capitalization of $396.74 million, a P/E ratio of 32.75 and a beta of -2.52. The business’s fifty day moving average price is $37.81 and its 200 day moving average price is $34.30.

Direxion Daily AMZN Bull 2X Shares 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.