Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 97.0% in July

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 145,276 shares, a growth of 97.0% from the June 30th total of 73,750 shares. Based on an average daily trading volume, of 13,887,954 shares, the days-to-cover ratio is currently 0.0 days. Currently, 12.4% of the company’s shares are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the second quarter valued at $119,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter valued at $1,029,000. Tower Research Capital LLC TRC acquired a new position in Direxion Daily AMZN Bear 1X Shares during the second quarter valued at $164,000. Advisory Services Network LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares during the second quarter valued at $747,000. Finally, PayPay Securities Corp lifted its stake in Direxion Daily AMZN Bear 1X Shares by 69.1% in the 4th quarter. PayPay Securities Corp now owns 6,408 shares of the company’s stock worth $64,000 after acquiring an additional 2,618 shares in the last quarter.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of AMZD traded down $0.46 during midday trading on Thursday, hitting $9.49. The stock had a trading volume of 3,874,435 shares, compared to its average volume of 11,701,524. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $8.19 and a fifty-two week high of $11.77. The business has a 50-day simple moving average of $9.22 and a two-hundred day simple moving average of $9.78.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.0623 dividend. This represents a $0.25 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 23rd.

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.