Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Trading Down 2.2% – Here’s What Happened

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)’s stock price traded down 2.2% on Wednesday . The stock traded as low as $34.13 and last traded at $34.78. Approximately 1,845,139 shares were traded during mid-day trading, a decline of 44% from the average session volume of 3,267,305 shares. The stock had previously closed at $35.58.

Direxion Daily AMZN Bull 2X Shares Stock Down 2.2%

The firm’s fifty day moving average is $37.05 and its two-hundred day moving average is $34.64. The firm has a market cap of $319.98 million, a P/E ratio of 32.75 and a beta of 2.57.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1722 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

A number of large investors have recently modified their holdings of AMZU. Tactive Advisors LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter valued at about $249,000. SOA Wealth Advisors LLC. lifted its holdings in Direxion Daily AMZN Bull 2X Shares by 56.9% in the first quarter. SOA Wealth Advisors LLC. now owns 1,764 shares of the company’s stock worth $47,000 after buying an additional 640 shares during the period. Renaissance Technologies LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the first quarter worth about $752,000. Hoey Investments Inc. lifted its holdings in Direxion Daily AMZN Bull 2X Shares by 26.8% in the first quarter. Hoey Investments Inc. now owns 19,406 shares of the company’s stock worth $521,000 after buying an additional 4,100 shares during the period. Finally, Focused Wealth Management Inc boosted its position 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 acquiring an additional 2,876 shares in the last quarter.

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.