Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Declines By 82.2%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 343,009 shares, a decrease of 82.2% from the February 12th total of 1,922,361 shares. Based on an average daily volume of 6,142,955 shares, the days-to-cover ratio is currently 0.1 days. Approximately 68.6% of the company’s shares are sold short. Approximately 68.6% of the company’s shares are sold short. Based on an average daily volume of 6,142,955 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PayPay Securities Corp raised its holdings in Direxion Daily AMZN Bear 1X Shares by 96.1% in the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock valued at $41,000 after buying an additional 1,857 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter valued at about $119,000. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter valued at about $164,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at approximately $153,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at approximately $167,000.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.5%

Shares of Direxion Daily AMZN Bear 1X Shares stock opened at $10.77 on Wednesday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $9.03 and a fifty-two week high of $15.25. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $10.34.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.0774 dividend. This represents a $0.31 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.