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 decrease in short interest in April. As of April 15th, there was short interest totaling 149,781 shares, a decrease of 55.7% from the March 31st total of 337,927 shares. Currently, 9.2% of the shares of the stock are short sold. Based on an average daily volume of 10,743,292 shares, the short-interest ratio is presently 0.0 days.

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

A number of hedge funds have recently modified their holdings of AMZD. Jump Financial LLC grew its holdings 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 purchasing an additional 155,137 shares during the period. Jane Street Group LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $1,029,000. Cibc World Market Inc. purchased a new position in Direxion Daily AMZN Bear 1X Shares in the third quarter worth approximately $888,000. Advisory Services Network LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $747,000. Finally, Optiver Holding B.V. grew its position in Direxion Daily AMZN Bear 1X Shares by 986.9% in the third quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after acquiring an additional 51,032 shares during the period.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of AMZD opened at $8.63 on Monday. Direxion Daily AMZN Bear 1X Shares has a 12-month low of $8.63 and a 12-month high of $13.51. The firm has a 50-day moving average price of $10.57 and a 200 day moving average price of $10.30.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.0541 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.5%.

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.