Direxion Daily AMZN Bull 2X Shares Announces Quarterly Dividend

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) declared a quarterly dividend on Monday, March 24th. Shareholders who are on record by Tuesday, March 25th, will receive a dividend of 0.2007 per share on Tuesday, April 1st. This amounts to an annualized dividend of $0.80 and results in a dividend yield of 2.28%. The ex-dividend date for this dividend is set for Tuesday, March 25th.

Recent Performance of Direxion Daily AMZN Bull 2X Shares

On the trading floor, shares of AMZU rose by $0.65 during mid-day trading on Tuesday, reaching a price of $35.21. Throughout the day, 843,027 shares changed hands, which is higher than the average volume of 769,121 shares. Over the past year, Direxion Daily AMZN Bull 2X Shares registered a low of $22.12 and a high of $50.61. The stock has a 50-day simple moving average of $41.04 and a 200-day simple moving average of $38.90. The company's market capitalization stands at $156.68 million, with a PE ratio of 45.17, and a beta of -2.52.

About Direxion Daily AMZN Bull 2X Shares

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

Investment Considerations

Before investing in Direxion Daily AMZN Bull 2X Shares, it is advisable to be informed about the stocks that are highly recommended by investment analysts. Currently, while AMZU holds a Hold rating among analysts, there are five other stocks considered better investment options by top-rated analysts.

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Direxion, Dividend, NASDAQ