Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Decreases By 33.3%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 333,600 shares, a decrease of 33.3% from the December 15th total of 499,800 shares. Based on an average trading volume of 825,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors increased its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.2% during the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock valued at $1,746,000 after acquiring an additional 639 shares during the last quarter. Hollencrest Capital Management bought a new stake in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $37,000. Morse Asset Management Inc bought a new position in Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $64,000. Regal Investment Advisors LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at approximately $273,000. Finally, Traynor Capital Management Inc. raised its holdings in Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock valued at $697,000 after acquiring an additional 7,750 shares during the period.

Direxion Daily AMZN Bull 2X Shares Stock Up 3.6 %

AMZU traded up $1.52 during midday trading on Friday, hitting $43.72. The company had a trading volume of 348,425 shares, compared to its average volume of 539,741. The stock’s 50 day moving average price is $42.14 and its 200 day moving average price is $35.95. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $22.11 and a 52 week high of $48.08. The company has a market capitalization of $198.03 million, a price-to-earnings ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2818 dividend. The ex-dividend date was Monday, December 23rd.

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.