Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Shares Shorted: Short Interest Down 43.5% in September

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 79,978 shares, a drop of 43.5% from the September 15th total of 141,675 shares. Based on an average daily volume of 11,048,386 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.0% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X ETF during the first quarter worth approximately $1,479,000. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the first quarter valued at approximately $990,000. Finally, Geneos Wealth Management Inc. bought a new position in Direxion Daily AMZN Bear 1X ETF in the first quarter worth approximately $35,000.

Direxion Daily AMZN Bear 1X ETF Price Performance

Shares of AMZD opened at $8.55 on Friday. Direxion Daily AMZN Bear 1X ETF has a 12-month low of $7.64 and a 12-month high of $11.77. The firm has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.95.

About Direxion Daily AMZN Bear 1X ETF

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.