Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 38.7% in November

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,300 shares, an increase of 38.7% from the November 15th total of 3,100 shares. Based on an average daily trading volume, of 52,100 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of NASDAQ AMZD opened at $11.24 on Friday. The firm has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $13.76. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $11.05 and a 52-week high of $18.34.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1408 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.56 dividend on an annualized basis and a yield of 5.01%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC purchased a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,194 shares of the company’s stock, valued at approximately $168,000. Flow Traders U.S. LLC owned 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent quarter.

About Direxion Daily AMZN Bear 1X Shares

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.