Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Rises By 1,666.7%

Posted by Jessica Moore on Apr 25th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,600 shares, a growth of 1,666.7% from the March 31st total of 600 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of AMZD traded up $0.36 during mid-day trading on Thursday, reaching $15.24. 57,919 shares of the company were exchanged, compared to its average volume of 26,115. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $13.86 and a 52 week high of $27.52. The business has a 50 day simple moving average of $14.82 and a two-hundred day simple moving average of $16.98.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.1672 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 4.39%.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC bought a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned approximately 26.37% of Direxion Daily AMZN Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

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.