Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 16.9% in March

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 133,500 shares, a decline of 16.9% from the March 15th total of 160,700 shares. Based on an average trading volume of 229,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

A number of institutional investors have recently modified their holdings of the company. TRUE Private Wealth Advisors lifted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 0.9% in the fourth quarter. TRUE Private Wealth Advisors now owns 52,821 shares of the company’s stock valued at $1,435,000 after purchasing an additional 478 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 4.3% in the fourth quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock valued at $425,000 after purchasing an additional 650 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 14.9% in the second quarter. JPMorgan Chase & Co. now owns 24,867 shares of the company’s stock valued at $581,000 after purchasing an additional 3,220 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the first quarter valued at about $255,000. Finally, IMC Chicago LLC lifted its holdings in shares of Direxion Daily AMZN Bull 2X Shares by 44.9% in the fourth quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock valued at $660,000 after purchasing an additional 7,525 shares in the last quarter.

Direxion Daily AMZN Bull 2X Shares Stock Performance

AMZU stock traded down $1.00 during midday trading on Monday, hitting $35.06. 194,808 shares of the company’s stock were exchanged, compared to its average volume of 229,345. The stock’s fifty day moving average price is $33.38 and its 200-day moving average price is $28.39. Direxion Daily AMZN Bull 2X Shares has a one year low of $16.35 and a one year high of $37.50.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a $0.2117 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.42%.

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.