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

The Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU - Get Free Report) experienced a notable decrease in short interest during December. As reported on December 15th, the short interest stood at 499,800 shares, representing a decline of 25.7% from the total of 673,000 shares recorded on November 30th. With an average trading volume of 830,100 shares, the days-to-cover ratio now sits at approximately 0.6 days.

Direxion Daily AMZN Bull 2X Shares Stock Performance

On Friday, shares of AMZU opened at $43.89. The company boasts a market capitalization of $216.38 million, a PE ratio of 120.98, and a beta of -2.52. Over the past year, AMZU has seen a low of $22.11 and a high of $48.08. The 50-day moving average price for the stock is $39.87, while the 200-day moving average stands at $35.25.

Direxion Daily AMZN Bull 2X Shares Dividend Announcement

Recently, the company announced a dividend that is set to be paid on Tuesday, December 31st. Investors who hold shares by the record date of Monday, December 23rd, will receive a dividend of $0.2818 per share. The ex-dividend date is also set for Monday, December 23rd.

Institutional Investors and Direxion Daily AMZN Bull 2X Shares

Recently, several large institutional investors have made moves to buy and sell shares of AMZU. For instance, Hollencrest Capital Management initiated a new position in the fund during the second quarter with an investment of around $37,000. During the third quarter, Morse Asset Management Inc acquired a new stake worth approximately $64,000. Regal Investment Advisors LLC also bought shares in the second quarter valued around $273,000, while Client First Investment Management LLC made an investment of around $297,000 during the same quarter. Additionally, Flow Traders U.S. LLC purchased shares valued at about $446,000 in the third quarter.

Explaining Direxion Daily AMZN Bull 2X Shares

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund designed to provide 1.5x leveraged exposure to the daily price movements of Amazon.com, Inc. AMZU was launched on September 7, 2022, and is managed by Direxion.

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