Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Decreases By 30.9%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 106,352 shares, a decline of 30.9% from the January 15th total of 153,820 shares. Approximately 21.3% of the shares of the company are sold short. Based on an average trading volume of 7,183,742 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 7,183,742 shares, the short-interest ratio is currently 0.0 days. Approximately 21.3% of the shares of the company are sold short.

Direxion Daily AMZN Bear 1X Shares Stock Up 0.4%

Direxion Daily AMZN Bear 1X Shares stock opened at $11.62 on Friday. The stock has a 50 day moving average of $10.10 and a two-hundred day moving average of $10.30. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $9.03 and a twelve month high of $15.25.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.0774 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.31 annualized dividend and a dividend yield of 2.7%.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

Several institutional investors have recently bought and sold shares of the company. PayPay Securities Corp raised its position in Direxion Daily AMZN Bear 1X Shares by 96.1% during the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after buying an additional 1,857 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter valued at about $119,000. Tower Research Capital LLC TRC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth about $164,000. Jane Street Group LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth about $153,000. Finally, Optiver Holding B.V. raised its holdings in Direxion Daily AMZN Bear 1X Shares by 986.9% during the third quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after purchasing an additional 51,032 shares in the last quarter.

About Direxion Daily AMZN Bear 1X Shares

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.