Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Sees Large Growth in Short Interest

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 140,500 shares, a growth of 38.8% from the August 31st total of 101,200 shares. Based on an average daily volume of 905,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

A number of hedge funds have recently modified their holdings of the company. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the second quarter worth about $37,000. Regal Investment Advisors LLC purchased a new stake in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter worth approximately $273,000. Capital CS Group LLC bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 1st quarter worth approximately $255,000. Client First Investment Management LLC purchased a new position in shares of Direxion Daily AMZN Bull 2X Shares during the second quarter valued at approximately $297,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily AMZN Bull 2X Shares during the fourth quarter valued at approximately $260,000.

Direxion Daily AMZN Bull 2X Shares Trading Down 3.3 %

Shares of NASDAQ:AMZU traded down $1.14 during trading on Friday, reaching $33.03. 382,417 shares of the company traded hands, compared to its average volume of 525,729. Direxion Daily AMZN Bull 2X Shares has a 52-week low of $19.37 and a 52-week high of $40.20. The firm has a market capitalization of $173.41 million, a price-to-earnings ratio of 120.98 and a beta of -2.52. The business’s fifty day moving average is $30.81 and its 200-day moving average is $33.48.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be issued a $0.3042 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Tuesday, September 24th. This is a positive change from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25.

Direxion Daily AMZN Bull 2X Shares 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.