Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Growth in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 32,100 shares, an increase of 23.0% from the August 31st total of 26,100 shares. Based on an average daily volume of 53,600 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily AMZN Bear 1X Shares Stock Up 1.8 %

NASDAQ:AMZD opened at $13.66 on Friday. Direxion Daily AMZN Bear 1X Shares has a twelve month low of $12.99 and a twelve month high of $22.56. The stock’s 50 day moving average price is $14.54 and its two-hundred day moving average price is $14.36.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be paid a $0.1408 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 4.12%.

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.