Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Large Growth in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 263,800 shares, a growth of 97.6% from the March 31st total of 133,500 shares. Based on an average daily trading volume, of 244,200 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of Direxion Daily AMZN Bull 2X Shares stock opened at $31.22 on Friday. The business’s 50 day simple moving average is $33.53 and its 200 day simple moving average is $28.92. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $16.35 and a 52-week high of $37.50. The firm has a market cap of $71.18 million, a PE ratio of 121.61 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.2117 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Tuesday, March 19th.

Institutional Investors Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors raised its position in Direxion Daily AMZN Bull 2X Shares by 1.7% in the 1st quarter. TRUE Private Wealth Advisors now owns 53,736 shares of the company’s stock valued at $1,830,000 after buying an additional 915 shares during the last quarter. Hoey Investments Inc. boosted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 51.9% during the 3rd quarter. Hoey Investments Inc. now owns 30,460 shares of the company’s stock worth $663,000 after buying an additional 10,410 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 44.9% during the 4th quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock worth $660,000 after buying an additional 7,525 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily AMZN Bull 2X Shares by 4.3% during the 4th quarter. Traynor Capital Management Inc. now owns 15,650 shares of the company’s stock worth $425,000 after buying an additional 650 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 4th quarter worth about $260,000.

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.