Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Stock Price Up 3% – Here’s Why

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) rose 3% on Thursday . The stock traded as high as $39.21 and last traded at $38.64. Approximately 2,499,643 shares traded hands during trading, a decline of 23% from the average daily volume of 3,253,226 shares. The stock had previously closed at $37.53.

Direxion Daily AMZN Bull 2X Shares Stock Performance

The firm has a market cap of $393.36 million, a PE ratio of 32.75 and a beta of 2.48. The firm has a fifty day simple moving average of $38.16 and a two-hundred day simple moving average of $34.80.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1694 per share. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, March 24th.

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

Several institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its holdings in Direxion Daily AMZN Bull 2X Shares by 56.9% during the 1st quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock valued at $47,000 after buying an additional 640 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Direxion Daily AMZN Bull 2X Shares during the 1st quarter valued at approximately $752,000. Hoey Investments Inc. grew its holdings in Direxion Daily AMZN Bull 2X Shares by 26.8% during the 1st quarter. Hoey Investments Inc. now owns 19,406 shares of the company’s stock valued at $521,000 after buying an additional 4,100 shares in the last quarter. Focused Wealth Management Inc grew its holdings in Direxion Daily AMZN Bull 2X Shares by 16.2% during the 1st quarter. Focused Wealth Management Inc now owns 20,606 shares of the company’s stock valued at $553,000 after buying an additional 2,876 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 1st quarter valued at approximately $2,546,000.

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.