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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 73,750 shares, a decline of 71.9% from the June 15th total of 262,164 shares. Approximately 6.1% of the company’s shares are short sold. Based on an average trading volume of 16,488,658 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

Several large investors have recently made changes to their positions in AMZD. PayPay Securities Corp raised its stake in Direxion Daily AMZN Bear 1X Shares by 69.1% during the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after buying an additional 2,618 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the first quarter valued at approximately $35,000. Flow Traders U.S. LLC grew its stake in Direxion Daily AMZN Bear 1X Shares by 30.1% in the third quarter. Flow Traders U.S. LLC now owns 14,143 shares of the company’s stock valued at $152,000 after acquiring an additional 3,272 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Direxion Daily AMZN Bear 1X Shares in the second quarter valued at approximately $164,000. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the fourth quarter valued at approximately $153,000.

Direxion Daily AMZN Bear 1X Shares Trading Down 0.9%

NASDAQ:AMZD traded down $0.08 during trading hours on Monday, reaching $9.12. The company had a trading volume of 1,808,784 shares, compared to its average volume of 11,466,890. The business’s 50-day simple moving average is $9.01 and its two-hundred day simple moving average is $9.83. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $8.19 and a twelve month high of $11.77.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.0623 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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.