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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant 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 days-to-cover ratio is currently 0.7 days.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

Direxion Daily AMZN Bear 1X Shares Trading Up 1.3 %

NASDAQ AMZD opened at $11.28 on Friday. Direxion Daily AMZN Bear 1X Shares has a 1-year low of $10.97 and a 1-year high of $18.33. The company has a 50 day moving average of $12.25 and a 200-day moving average of $13.50.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently announced 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.

Direxion Daily AMZN Bear 1X Shares 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.