Cibc World Market Inc. Makes New $888,000 Investment in Direxion Daily AMZN Bear 1X Shares $AMZD

Cibc World Market Inc. acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 82,368 shares of the company’s stock, valued at approximately $888,000. Cibc World Market Inc. owned approximately 13.07% of Direxion Daily AMZN Bear 1X Shares as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. PayPay Securities Corp raised its stake in Direxion Daily AMZN Bear 1X Shares by 96.1% during the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after acquiring an additional 1,857 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at $119,000. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at $164,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at $747,000. Finally, Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter worth $1,029,000.

Direxion Daily AMZN Bear 1X Shares Price Performance

NASDAQ:AMZD opened at $11.48 on Wednesday. The business’s 50-day simple moving average is $10.15 and its two-hundred day simple moving average is $10.31. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $9.03 and a 52 week high of $15.25.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a dividend of $0.0774 per share. This represents a $0.31 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.