Hoey Investments Inc. Sells 12,600 Shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

Hoey Investments Inc. reduced its position in shares of Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) by 45.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,181 shares of the company’s stock after selling 12,600 shares during the period. Hoey Investments Inc. owned about 0.20% of Direxion Daily AMZN Bull 2X Shares worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplex Trading LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $1,043,000. Renaissance Technologies LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $475,000. Optiver Holding B.V. boosted its holdings in Direxion Daily AMZN Bull 2X Shares by 340.7% in the fourth quarter. Optiver Holding B.V. now owns 53,029 shares of the company’s stock valued at $2,228,000 after acquiring an additional 40,995 shares during the last quarter. Empowered Funds LLC bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $262,000. Finally, PayPay Securities Corp bought a new stake in Direxion Daily AMZN Bull 2X Shares in the fourth quarter valued at approximately $31,000.

Direxion Daily AMZN Bull 2X Shares Price Performance

Shares of AMZU stock opened at $34.78 on Friday. The business’s 50 day simple moving average is $30.18 and its 200 day simple moving average is $37.03. Direxion Daily AMZN Bull 2X Shares has a one year low of $21.28 and a one year high of $50.61. The stock has a market capitalization of $246.94 million, a PE ratio of 32.75 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.2007 dividend. This represents a $0.80 annualized dividend and a yield of 2.31%. The ex-dividend date was Tuesday, March 25th.

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.