Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Down 66.7% in March

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 300 shares, a drop of 66.7% from the February 29th total of 900 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is presently 0.0 days.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.6 %

Shares of AMZD opened at $14.58 on Thursday. The company has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $17.81. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $14.43 and a 52-week high of $29.13.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.1672 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.67 annualized dividend and a yield of 4.59%.

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

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $75,000. GTS Securities LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 3rd quarter valued at about $216,000. Goldman Sachs Group Inc. purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at about $264,000. Citadel Advisors LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $280,000. Finally, Susquehanna International Group LLP purchased a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $632,000.

Direxion Daily AMZN Bear 1X Shares 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.