Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Significant Growth in Short Interest

Posted by Doug Madison on Oct 17th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 34,100 shares, a growth of 6.2% from the September 15th total of 32,100 shares. Based on an average trading volume of 54,500 shares, the short-interest ratio is currently 0.6 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 0.5 %

Shares of AMZD opened at $13.75 on Thursday. The stock has a fifty day moving average of $14.29 and a two-hundred day moving average of $14.26. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $12.99 and a fifty-two week high of $22.56.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.1408 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.56 annualized dividend and a yield of 4.10%.

About Direxion Daily AMZN Bear 1X Shares

(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.