Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Rises By 38.7%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 4,300 shares, an increase of 38.7% from the November 15th total of 3,100 shares. Based on an average trading volume of 52,100 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of Direxion Daily AMZN Bear 1X Shares stock traded up $0.06 during mid-day trading on Friday, hitting $11.22. 30,251 shares of the stock were exchanged, compared to its average volume of 45,455. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $11.05 and a twelve month high of $18.34. The company has a 50-day simple moving average of $12.82 and a 200 day simple moving average of $13.76.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1408 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.56 annualized dividend and a yield of 5.02%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned about 4.06% of Direxion Daily AMZN Bear 1X Shares as of its most recent SEC filing.

About Direxion Daily AMZN Bear 1X Shares

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.