Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Stock Price Down 4.7% – Here’s What Happened

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) fell 4.7% during trading on Monday . The stock traded as low as $26.23 and last traded at $26.80. 3,715,966 shares traded hands during trading, a decline of 0% from the average session volume of 3,719,407 shares. The stock had previously closed at $28.11.

Direxion Daily AMZN Bull 2X Shares Stock Performance

The company has a market cap of $251.92 million, a PE ratio of 32.75 and a beta of 1.95. The company has a 50 day simple moving average of $33.89 and a two-hundred day simple moving average of $36.10.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $1.2027 dividend. This is an increase 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 dividend on an annualized basis and a yield of 18.0%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 9,912.7% during the fourth quarter. UBS Group AG now owns 456,078 shares of the company’s stock worth $15,940,000 after acquiring an additional 451,523 shares during the period. Group One Trading LLC increased its stake in shares of Direxion Daily AMZN Bull 2X Shares by 122.2% during the 3rd 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. Virtu Financial LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $1,976,000. TRUE Private Wealth Advisors lifted its holdings in Direxion Daily AMZN Bull 2X Shares by 1.3% during the 3rd quarter. TRUE Private Wealth Advisors now owns 53,509 shares of the company’s stock valued at $1,861,000 after purchasing an additional 683 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 52.3% during the 1st quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock worth $1,158,000 after buying an additional 13,270 shares during the period.

About Direxion Daily AMZN Bull 2X Shares

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.