Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 15.6% in February

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,810,947 shares, a decline of 15.6% from the February 12th total of 2,144,822 shares. Based on an average daily volume of 3,498,655 shares, the days-to-cover ratio is currently 0.5 days. Currently, 19.3% of the shares of the stock are short sold. Currently, 19.3% of the shares of the stock are short sold. Based on an average daily volume of 3,498,655 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of NASDAQ AMZU opened at $29.15 on Wednesday. The company has a 50-day simple moving average of $31.80 and a 200-day simple moving average of $34.99. The company has a market cap of $274.01 million, a PE ratio of 32.75 and a beta of 1.95. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $21.28 and a 12 month high of $46.88.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently made changes to their positions in AMZU. FNY Investment Advisers LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at $25,000. PayPay Securities Corp grew its holdings in Direxion Daily AMZN Bull 2X Shares by 257.5% during the 3rd quarter. PayPay Securities Corp now owns 976 shares of the company’s stock valued at $34,000 after purchasing an additional 703 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth $47,000. Finally, Parallel Advisors LLC boosted its position in Direxion Daily AMZN Bull 2X Shares by 507.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock valued at $69,000 after buying an additional 1,650 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Company Profile

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.