Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Rises By 16.7%

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 31,500 shares, a growth of 16.7% from the January 15th total of 27,000 shares. Based on an average trading volume of 119,700 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.0 %

NASDAQ AMZD opened at $11.07 on Friday. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $10.44 and a 52 week high of $16.84. The firm has a 50 day moving average of $11.12 and a two-hundred day moving average of $12.85.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1119 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZD. PayPay Securities Corp acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $64,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 3rd quarter valued at $168,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $243,000. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $618,000.

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.