Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 33.9% in October

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 695,400 shares, a growth of 33.9% from the October 15th total of 519,400 shares. Based on an average trading volume of 670,400 shares, the days-to-cover ratio is currently 1.0 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at $37,000. Client First Investment Management LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at $297,000. Regal Investment Advisors LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth about $273,000. Traynor Capital Management Inc. lifted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 56.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock valued at $697,000 after purchasing an additional 7,750 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter valued at $446,000.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of NASDAQ AMZU traded down $3.14 during midday trading on Friday, reaching $37.64. 1,064,059 shares of the stock were exchanged, compared to its average volume of 560,466. Direxion Daily AMZN Bull 2X Shares has a twelve month low of $22.11 and a twelve month high of $42.50. The stock has a market capitalization of $185.57 million, a P/E ratio of 120.98 and a beta of -2.52. The company has a 50 day simple moving average of $33.84 and a 200 day simple moving average of $33.56.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.3042 per share. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. This represents a $1.22 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.