Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 25.7% in December

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 499,800 shares, a decrease of 25.7% from the November 30th total of 673,000 shares. Based on an average daily trading volume, of 830,100 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily AMZN Bull 2X Shares Stock Performance

NASDAQ:AMZU traded down $1.25 on Friday, hitting $43.89. 513,004 shares of the stock were exchanged, compared to its average volume of 603,810. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $22.11 and a 52 week high of $48.08. The stock has a market capitalization of $216.38 million, a price-to-earnings ratio of 120.98 and a beta of -2.52. The company’s 50-day moving average price is $39.87 and its 200 day moving average price is $35.25.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.2818 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion Daily AMZN Bull 2X Shares

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at $1,158,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $446,000. Client First Investment Management LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $297,000. Hollencrest Capital Management acquired a new position in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at approximately $37,000. 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 purchasing an additional 7,750 shares in the last quarter.

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.