Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Increase in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,922,361 shares, a growth of 1,707.5% from the January 29th total of 106,352 shares. Based on an average daily volume of 11,922,943 shares, the short-interest ratio is currently 0.2 days. Currently, 384.5% of the shares of the stock are short sold. Currently, 384.5% of the shares of the stock are short sold. Based on an average daily volume of 11,922,943 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors have recently modified their holdings of AMZD. Cibc World Market Inc. purchased a new stake in Direxion Daily AMZN Bear 1X Shares during the 3rd quarter valued at $888,000. PayPay Securities Corp increased its position in Direxion Daily AMZN Bear 1X Shares by 96.1% during the third quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock valued at $41,000 after acquiring an additional 1,857 shares during the last quarter. Jump Financial LLC raised its stake in shares of Direxion Daily AMZN Bear 1X Shares by 482.4% in the fourth quarter. Jump Financial LLC now owns 187,294 shares of the company’s stock valued at $1,884,000 after acquiring an additional 155,137 shares during the period. Jane Street Group LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter worth about $1,029,000. Finally, Advisory Services Network LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter valued at approximately $747,000.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.9%

AMZD stock opened at $10.96 on Thursday. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $9.03 and a 52 week high of $15.25. The company has a fifty day simple moving average of $10.24 and a two-hundred day simple moving average of $10.33.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were given a $0.0774 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.31 annualized dividend and a yield of 2.8%.

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.