Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Shares Up 4.6% Following Dividend Announcement

Shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) shot up 4.6% during trading on Monday after the company announced a dividend. The company traded as high as $9.77 and last traded at $9.74. Approximately 16,112,594 shares traded hands during trading, an increase of 45% from the average session volume of 11,123,612 shares. The stock had previously closed at $9.31.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.0623 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Direxion Daily AMZN Bear 1X Shares Stock Performance

The company’s fifty day simple moving average is $8.91 and its 200 day simple moving average is $9.91.

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

A number of large investors have recently modified their holdings of AMZD. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at about $119,000. Jane Street Group LLC purchased a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $1,029,000. Tower Research Capital LLC TRC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the second quarter valued at approximately $164,000. Advisory Services Network LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the second quarter valued at approximately $747,000. Finally, Optiver Holding B.V. grew its stake in Direxion Daily AMZN Bear 1X Shares by 986.9% in the 3rd quarter. Optiver Holding B.V. now owns 56,203 shares of the company’s stock worth $606,000 after buying an additional 51,032 shares in the last quarter.

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.