Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Trading 2.6% Higher – Here’s What Happened

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)’s stock price were up 2.6% on Thursday . The stock traded as high as $36.05 and last traded at $35.65. Approximately 2,003,713 shares traded hands during trading, a decline of 15% from the average daily volume of 2,365,956 shares. The stock had previously closed at $34.76.

Direxion Daily AMZN Bull 2X Shares Stock Performance

The company’s fifty day moving average price is $35.91 and its 200-day moving average price is $37.19. The stock has a market cap of $318.35 million, a P/E ratio of 32.75 and a beta of 1.95.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $1.2027 dividend. This is a boost from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $4.81 annualized dividend and a yield of 13.5%.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. Group One Trading LLC grew its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 122.2% in the third quarter. Group One Trading LLC now owns 76,418 shares of the company’s stock worth $2,658,000 after purchasing an additional 42,031 shares during the last quarter. PVG Asset Management Corp purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at about $478,000. Sheets Smith Investment Management bought a new position in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter worth about $478,000. Jane Street Group LLC grew its stake in Direxion Daily AMZN Bull 2X Shares by 52.3% in the 1st quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock worth $1,158,000 after acquiring an additional 13,270 shares in the last quarter. Finally, MBL Wealth LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth approximately $435,000.

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.