Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Increases By 714.0%

Posted by Bonnie Powley on Dec 27th, 2024

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 35,000 shares, a growth of 714.0% from the November 30th total of 4,300 shares. Based on an average daily volume of 53,200 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $11.13 on Friday. Direxion Daily AMZN Bear 1X Shares has a 12-month low of $10.97 and a 12-month high of $18.33. The company’s 50 day moving average is $12.30 and its 200 day moving average is $13.52.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.1119 per share. The ex-dividend date is Monday, December 23rd.

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

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought a new position in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares as of its most recent filing with the SEC.

Direxion Daily AMZN Bear 1X Shares Company Profile

(Get Free Report)

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.