Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Trading Down 0.1% – Here’s Why

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD)’s stock price traded down 0.1% during mid-day trading on Friday . The company traded as low as $10.10 and last traded at $10.18. 2,151,916 shares were traded during trading, an increase of 266% from the average session volume of 587,384 shares. The stock had previously closed at $10.19.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.1%

The business has a 50-day moving average of $10.31 and a 200-day moving average of $10.67.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in AMZD. Jane Street Group LLC purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $1,029,000. Cibc World Market Inc. acquired a new position in Direxion Daily AMZN Bear 1X Shares during the 3rd quarter worth about $888,000. Advisory Services Network LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at about $747,000. Optiver Holding B.V. increased its stake in Direxion Daily AMZN Bear 1X Shares by 986.9% during the third quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after purchasing an additional 51,032 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth about $164,000.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.