Direxion Daily AMZN Bull 2X ETF (NASDAQ:AMZU – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $35.11 and traded as high as $39.25. Direxion Daily AMZN Bull 2X ETF shares last traded at $37.81, with a volume of 3,919,960 shares changing hands.
Direxion Daily AMZN Bull 2X ETF Trading Up 12.3%
The firm has a market cap of $361.09 million, a P/E ratio of 32.75 and a beta of 2.51. The business’s fifty day moving average price is $35.34 and its two-hundred day moving average price is $35.11.
Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X ETF
A number of institutional investors and hedge funds have recently bought and sold shares of AMZU. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X ETF in the first quarter valued at about $752,000. StoneX Group Inc. bought a new position in Direxion Daily AMZN Bull 2X ETF in the third quarter worth $620,000. Tactive Advisors LLC raised its stake in shares of Direxion Daily AMZN Bull 2X ETF by 20.0% in the 3rd quarter. Tactive Advisors LLC now owns 9,000 shares of the company’s stock valued at $306,000 after buying an additional 1,500 shares in the last quarter. Turner Financial Group Inc. bought a new position in shares of Direxion Daily AMZN Bull 2X ETF during the 2nd quarter worth about $295,000. Finally, Parallel Advisors LLC lifted its stake in Direxion Daily AMZN Bull 2X ETF by 75.0% during the third quarter. Parallel Advisors LLC now owns 3,500 shares of the company’s stock worth $119,000 after purchasing an additional 1,500 shares during the period.
Direxion Daily AMZN Bull 2X ETF Company 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.
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