Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Posted by Matthew Steigler on Apr 27th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,600 shares, an increase of 1,666.7% from the March 31st total of 600 shares. Based on an average daily trading volume, of 26,900 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of NASDAQ AMZD opened at $14.61 on Friday. The business’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $16.92. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $13.86 and a twelve month high of $27.52.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.1672 per share. This represents a $0.67 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Tuesday, March 19th.

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

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned about 26.37% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

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.