Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Increases by 66.5% in October

In October, the Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) experienced a notable rise in short interest. As of October 15th, short interest reached 519,400 shares, marking a remarkable increase of 66.5% compared to 312,000 shares at the end of September. Given the average trading volume of 714,400 shares, this results in a short-interest ratio of 0.7 days.

Investment Activity Around Direxion Daily AMZN Bull 2X Shares

Several large investors have actively adjusted their holdings in AMZU recently. For instance, Hollencrest Capital Management acquired a new position valued at $37,000 during the second quarter. Regal Investment Advisors LLC also established a new stake, valued at $273,000, during the same period. Additionally, Client First Investment Management LLC invested $297,000 in AMZU, and Traynor Capital Management Inc. increased its shares by 56.4% in the third quarter, owning 21,500 shares valued at $697,000 after adding 7,750 shares.

Performance of Direxion Daily AMZN Bull 2X Shares

Stock trading for Direxion Daily AMZN Bull 2X Shares began at $32.82 on a recent Tuesday. Over the past year, the stock has seen a low of $21.97 and a high of $40.20. Currently, it has a fifty-day moving average of $31.75 and a 200-day moving average of $33.22. The market capitalization for the firm stands at approximately $152.61 million, with a P/E ratio of 120.98 and a beta of -2.52.

Dividend Announcement from Direxion Daily AMZN Bull 2X Shares

Recently, the company announced an increase in its quarterly dividend, which was paid on October 1st. Shareholders registered on September 24th received a dividend of $0.3042, up from the previous dividend of $0.25. Annually, this reflects a dividend payout of $1.22, resulting in a yield of 3.71%. The ex-dividend date was September 24th.

Overview of Direxion Daily AMZN Bull 2X Shares

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

Direxion, Investment, Funds