Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Update

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 673,000 shares, a growth of 44.3% from the November 15th total of 466,400 shares. Based on an average daily trading volume, of 800,600 shares, the days-to-cover ratio is presently 0.8 days.

Direxion Daily AMZN Bull 2X Shares Price Performance

NASDAQ:AMZU opened at $45.86 on Friday. Direxion Daily AMZN Bull 2X Shares has a 1 year low of $22.11 and a 1 year high of $47.98. The stock’s fifty day moving average price is $37.01 and its two-hundred day moving average price is $34.35. The company has a market cap of $226.09 million, a P/E ratio of 120.98 and a beta of -2.52.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 12th will be issued a dividend of $0.5409 per share. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMZU. Hollencrest Capital Management bought a new stake in Direxion Daily AMZN Bull 2X Shares during the 2nd quarter worth approximately $37,000. Morse Asset Management Inc purchased a new position in Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $64,000. Regal Investment Advisors LLC purchased a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $273,000. Client First Investment Management LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares during the 2nd quarter valued at about $297,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the third quarter worth about $446,000.

About Direxion Daily AMZN Bull 2X Shares

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.