Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 51,800 shares, a growth of 86.3% from the March 31st total of 27,800 shares. Based on an average trading volume of 314,600 shares, the short-interest ratio is currently 0.2 days. Approximately 17.3% of the shares of the stock are short sold.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of AMZD opened at $12.93 on Wednesday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $10.44 and a fifty-two week high of $16.84. The firm has a 50 day moving average price of $12.99 and a 200-day moving average price of $12.24.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.1039 dividend. This represents a $0.42 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMZD. PayPay Securities Corp bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at about $64,000. Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares during the 4th quarter worth approximately $243,000. Finally, Jump Financial LLC purchased a new position in Direxion Daily AMZN Bear 1X Shares in the 4th quarter worth approximately $618,000.

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.