Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 106,352 shares, a drop of 30.9% from the January 15th total of 153,820 shares. Approximately 21.3% of the shares of the stock are sold short. Based on an average trading volume of 7,183,742 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 7,183,742 shares, the short-interest ratio is currently 0.0 days. Approximately 21.3% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of AMZD. Jane Street Group LLC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at about $1,029,000. Cibc World Market Inc. bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 3rd quarter worth approximately $888,000. Advisory Services Network LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter worth approximately $747,000. Optiver Holding B.V. lifted 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 valued at $606,000 after purchasing an additional 51,032 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AMZN Bear 1X Shares during the second quarter valued at approximately $164,000.

Direxion Daily AMZN Bear 1X Shares Stock Performance

AMZD opened at $11.62 on Monday. The business has a 50 day moving average price of $10.10 and a two-hundred day moving average price of $10.30. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $9.03 and a 1-year high of $15.25.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.0774 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.31 annualized dividend and a yield of 2.7%.

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.