Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) Short Interest Down 32.9% in November

Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 466,400 shares, a drop of 32.9% from the October 31st total of 695,400 shares. Based on an average trading volume of 718,700 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Direxion Daily AMZN Bull 2X Shares

Several hedge funds have recently made changes to their positions in the business. TRUE Private Wealth Advisors increased its holdings in Direxion Daily AMZN Bull 2X Shares by 1.2% during the third quarter. TRUE Private Wealth Advisors now owns 53,836 shares of the company’s stock worth $1,746,000 after buying an additional 639 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $37,000. Morse Asset Management Inc bought a new stake in shares of Direxion Daily AMZN Bull 2X Shares in the 3rd quarter valued at about $64,000. Regal Investment Advisors LLC acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the 2nd quarter valued at about $273,000. Finally, Traynor Capital Management Inc. increased its position in Direxion Daily AMZN Bull 2X Shares by 56.4% during the third quarter. Traynor Capital Management Inc. now owns 21,500 shares of the company’s stock worth $697,000 after buying an additional 7,750 shares during the last quarter.

Direxion Daily AMZN Bull 2X Shares Trading Up 2.0 %

Shares of Direxion Daily AMZN Bull 2X Shares stock traded up $0.76 during trading on Friday, reaching $39.03. The stock had a trading volume of 861,804 shares, compared to its average volume of 582,326. The company has a market capitalization of $192.42 million, a price-to-earnings ratio of 120.98 and a beta of -2.52. The stock has a fifty day moving average price of $35.01 and a two-hundred day moving average price of $33.73. Direxion Daily AMZN Bull 2X Shares has a 52 week low of $22.11 and a 52 week high of $42.50.

Direxion Daily AMZN Bull 2X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.3042 dividend. This is a boost from Direxion Daily AMZN Bull 2X Shares’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.22 annualized dividend and a yield of 3.12%.

Direxion Daily AMZN Bull 2X Shares Company Profile

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund that is based on the Amazon.com, Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZU was launched on Sep 7, 2022 and is managed by Direxion.