Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Down 67.7% in November

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 3,100 shares, a decline of 67.7% from the October 31st total of 9,600 shares. Based on an average daily volume of 51,300 shares, the days-to-cover ratio is presently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of NASDAQ:AMZD traded down $0.12 during midday trading on Friday, reaching $12.30. 17,553 shares of the company traded hands, compared to its average volume of 44,399. The firm’s fifty day moving average price is $13.23 and its two-hundred day moving average price is $13.94. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $11.87 and a 12 month high of $18.62.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1408 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Tuesday, September 24th.

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

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned approximately 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

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.