Renaissance Technologies LLC Invests $752,000 in Direxion Daily AMZN Bull 2X Shares $AMZU

Renaissance Technologies LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 28,000 shares of the company’s stock, valued at approximately $752,000.

Several other hedge funds have also modified their holdings of the stock. Jane Street Group LLC boosted its holdings in Direxion Daily AMZN Bull 2X Shares by 52.3% in the first quarter. Jane Street Group LLC now owns 38,665 shares of the company’s stock valued at $1,158,000 after purchasing an additional 13,270 shares during the period. HUB Investment Partners LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth about $281,000. Group One Trading LLC raised its position in Direxion Daily AMZN Bull 2X Shares by 898.5% in the 2nd quarter. Group One Trading LLC now owns 34,387 shares of the company’s stock valued at $1,261,000 after purchasing an additional 30,943 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Direxion Daily AMZN Bull 2X Shares by 13.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,500 shares of the company’s stock valued at $202,000 after purchasing an additional 665 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at about $206,000.

Direxion Daily AMZN Bull 2X Shares Stock Performance

Shares of AMZU opened at $38.77 on Friday. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $24.54 and a 1 year high of $47.14. The stock has a market capitalization of $350.87 million, a PE ratio of 32.75 and a beta of 2.49. The stock has a 50-day simple moving average of $35.78 and a 200-day simple moving average of $34.78.

Direxion Daily AMZN Bull 2X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1722 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.69 annualized dividend and a yield of 1.8%.

Direxion Daily AMZN Bull 2X Shares Profile

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.