Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 82.7% in March

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 67,800 shares, an increase of 82.7% from the February 28th total of 37,100 shares. Based on an average daily trading volume, of 192,700 shares, the short-interest ratio is currently 0.4 days. Currently, 15.8% of the company’s stock are short sold.

Direxion Daily AMZN Bear 1X Shares Trading Up 4.3 %

Direxion Daily AMZN Bear 1X Shares stock opened at $12.96 on Monday. The stock has a 50 day moving average of $11.71 and a 200-day moving average of $12.26. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $10.44 and a 52 week high of $16.84.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.1039 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.42 dividend on an annualized basis and a yield of 3.21%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. PayPay Securities Corp acquired a new position in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at about $64,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily AMZN Bear 1X Shares during the third quarter valued at approximately $168,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 4th quarter worth approximately $243,000. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter worth approximately $618,000.

About Direxion Daily AMZN Bear 1X Shares

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.