Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Stock Price Down 2.2% – What’s Next?

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) shares dropped 2.2% during trading on Wednesday . The company traded as low as $34.13 and last traded at $34.78. 1,845,139 shares changed hands during 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 1.4%

The company has a market capitalization of $286.76 million, a price-to-earnings ratio of 32.75 and a beta of 2.57. The business has a fifty day simple moving average of $36.82 and a two-hundred day simple moving average of $34.63.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1722 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 worth $47,000 after acquiring an additional 640 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily AMZN Bull 2X Shares by 13.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock worth $202,000 after acquiring an additional 665 shares during the last quarter. TRUE Private Wealth Advisors lifted its position in shares of Direxion Daily AMZN Bull 2X Shares by 1.3% during the third quarter. TRUE Private Wealth Advisors now owns 53,509 shares of the company’s stock worth $1,861,000 after purchasing an additional 683 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth approximately $25,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth approximately $41,000.

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.