Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) Stock Short Interest Declines 43.5%

Direxion Daily AMZN Bear 1X ETF (NASDAQ:AMZD) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 79,978 shares, a decline of 43.5% from the September 15th total of 141,675 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average daily volume of 11,048,386 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMZD. Geneos Wealth Management Inc. purchased a new stake in Direxion Daily AMZN Bear 1X ETF in the 1st quarter worth approximately $35,000. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X ETF in the first quarter worth about $330,000. Finally, IMC Chicago LLC bought a new position in Direxion Daily AMZN Bear 1X ETF during the first quarter valued at approximately $1,479,000.

Direxion Daily AMZN Bear 1X ETF Stock Performance

Direxion Daily AMZN Bear 1X ETF stock traded up $0.17 during trading hours on Friday, hitting $8.72. 13,004,167 shares of the stock traded hands, compared to its average volume of 11,514,457. The firm’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $8.94. Direxion Daily AMZN Bear 1X ETF has a one year low of $7.64 and a one year high of $11.77.

Direxion Daily AMZN Bear 1X ETF 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.