Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,360,780 shares, an increase of 34.3% from the December 31st total of 1,013,301 shares. Based on an average daily trading volume, of 2,436,875 shares, the days-to-cover ratio is currently 0.6 days. Currently, 14.7% of the shares of the company are sold short. Currently, 14.7% of the shares of the company are sold short. Based on an average daily trading volume, of 2,436,875 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in Direxion Daily AMZN Bull 2X Shares by 9,912.7% during the 4th quarter. UBS Group AG now owns 456,078 shares of the company’s stock worth $15,940,000 after buying an additional 451,523 shares during the period. Focused Wealth Management Inc purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the 4th quarter worth approximately $620,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth $47,000. FNY Investment Advisers LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth about $25,000. Finally, SeaCrest Wealth Management LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $333,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of NASDAQ AMZU opened at $37.01 on Friday. Direxion Daily AMZN Bull 2X Shares has a 1-year low of $21.28 and a 1-year high of $50.61. The business’s fifty day moving average price is $36.19 and its two-hundred day moving average price is $37.17. The firm has a market capitalization of $349.00 million, a PE ratio of 32.75 and a beta of 1.95.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $1.2027 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.22. This represents a $4.81 annualized dividend and a yield of 13.0%.

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.