Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 141,675 shares, a growth of 88.7% from the August 31st total of 75,062 shares. Based on an average daily volume of 10,154,988 shares, the short-interest ratio is currently 0.0 days. Currently, 8.6% of the company’s shares are sold short.

Institutional Trading of Direxion Daily AMZN Bear 1X ETF

Several hedge funds have recently bought and sold shares of the stock. Hamilton Wealth LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X ETF during the first quarter worth $330,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the 1st quarter valued at about $1,479,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the first quarter valued at about $35,000.

Direxion Daily AMZN Bear 1X ETF Price Performance

Shares of AMZD stock opened at $8.85 on Tuesday. 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 of $8.61 and a 200-day moving average of $9.17.

Direxion Daily AMZN Bear 1X ETF Company Profile

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.