Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Trading Up 4.6% – Here’s Why

Shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) shot up 4.6% during mid-day trading on Monday . The company traded as high as $9.77 and last traded at $9.74. 16,112,594 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 11,123,612 shares. The stock had previously closed at $9.31.

Direxion Daily AMZN Bear 1X Shares Stock Performance

The company has a 50 day moving average of $8.91 and a 200-day moving average of $9.92.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of AMZD. Geneos Wealth Management Inc. bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 1st quarter valued at about $35,000. PayPay Securities Corp increased its position in shares of Direxion Daily AMZN Bear 1X Shares by 69.1% in the fourth quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after purchasing an additional 2,618 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter worth approximately $119,000. Jane Street Group LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares in the fourth quarter worth approximately $153,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $164,000.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.