Short Interest in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Drops By 32.9%

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 466,400 shares, a decrease of 32.9% from the October 31st total of 695,400 shares. Based on an average trading volume of 718,700 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Large investors have recently made changes to their positions in the stock. TRUE Private Wealth Advisors increased its stake in Direxion Daily AMZN Bull 2X Shares by 1.2% during the 3rd quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock worth $1,746,000 after buying an additional 639 shares during the period. Hollencrest Capital Management purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $37,000. Morse Asset Management Inc purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 3rd quarter worth approximately $64,000. Regal Investment Advisors LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $273,000. Finally, Traynor Capital Management Inc. increased its stake in Direxion Daily AMZN Bull 2X Shares by 56.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after buying an additional 7,750 shares during the period.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock traded up $0.46 during trading hours on Friday, hitting $38.73. The company had a trading volume of 705,898 shares, compared to its average volume of 581,507. The company’s fifty day moving average is $34.92 and its 200 day moving average is $33.71. Direxion Daily AMZN Bull 2X Shares has a fifty-two week low of $22.11 and a fifty-two week high of $42.50. The stock has a market capitalization of $190.94 million, a PE ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.3042 dividend. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. This represents a $1.22 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, September 24th.

About Direxion Daily AMZN Bull 2X Shares

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.