Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Up 22.7% in March

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 2,221,966 shares, an increase of 22.7% from the February 26th total of 1,810,947 shares. Approximately 23.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,832,156 shares, the short-interest ratio is currently 0.6 days.

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

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 4th quarter valued at approximately $25,000. PayPay Securities Corp raised its holdings in Direxion Daily AMZN Bull 2X Shares by 257.5% during the 3rd quarter. PayPay Securities Corp now owns 976 shares of the company’s stock worth $34,000 after buying an additional 703 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $47,000. Finally, Parallel Advisors LLC lifted its stake in Direxion Daily AMZN Bull 2X Shares by 507.7% in the third quarter. Parallel Advisors LLC now owns 1,975 shares of the company’s stock valued at $69,000 after buying an additional 1,650 shares in the last quarter.

Direxion Daily AMZN Bull 2X Shares Stock Performance

AMZU stock opened at $24.64 on Monday. The business’s 50-day moving average price is $29.98 and its two-hundred day moving average price is $34.29. The firm has a market cap of $231.62 million, a PE ratio of 32.75 and a beta of 1.95. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $21.28 and a 1-year high of $46.88.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.1694 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.7%.

About Direxion Daily AMZN Bull 2X Shares

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.