Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Stock Price Down 0.1% – What’s Next?

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD)’s stock price traded down 0.1% on Friday . The stock traded as low as $10.10 and last traded at $10.18. 2,151,916 shares traded hands during mid-day trading, an increase of 266% from the average session volume of 587,384 shares. The stock had previously closed at $10.19.

Direxion Daily AMZN Bear 1X Shares Stock Performance

The business’s 50-day simple moving average is $10.31 and its 200-day simple moving average is $10.66.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

A number of institutional investors have recently modified their holdings of AMZD. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter valued at approximately $119,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at approximately $1,029,000. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily AMZN Bear 1X Shares during the second quarter worth $164,000. Advisory Services Network LLC acquired a new position in Direxion Daily AMZN Bear 1X Shares in the 2nd quarter valued at about $747,000. Finally, PayPay Securities Corp increased its stake in Direxion Daily AMZN Bear 1X Shares by 96.1% during the 3rd quarter. PayPay Securities Corp now owns 3,790 shares of the company’s stock worth $41,000 after buying an additional 1,857 shares during the period.

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.