Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,144,822 shares, an increase of 66.2% from the January 29th total of 1,290,119 shares. Based on an average daily trading volume, of 6,058,416 shares, the days-to-cover ratio is presently 0.4 days. Currently, 22.8% of the shares of the company are sold short. Currently, 22.8% of the shares of the company are sold short. Based on an average daily trading volume, of 6,058,416 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AMZN Bull 2X Shares Stock Up 1.9%

Direxion Daily AMZN Bull 2X Shares stock opened at $27.97 on Friday. The business has a 50 day moving average price of $33.44 and a two-hundred day moving average price of $35.86. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.28 and a 12 month high of $46.88. The stock has a market cap of $262.92 million, a price-to-earnings ratio of 32.75 and a beta of 1.95.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were paid a $1.2027 dividend. The ex-dividend date was Wednesday, December 10th. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22. This represents a $4.81 dividend on an annualized basis and a dividend yield of 17.2%.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at $25,000. PayPay Securities Corp increased its stake in Direxion Daily AMZN Bull 2X Shares by 257.5% in the third quarter. PayPay Securities Corp now owns 976 shares of the company’s stock valued at $34,000 after acquiring an additional 703 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily AMZN Bull 2X Shares in the fourth quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $47,000. Finally, Hollencrest Capital Management bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $69,000.

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.