Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 263,800 shares, an increase of 97.6% from the March 31st total of 133,500 shares. Based on an average daily trading volume, of 244,200 shares, the short-interest ratio is currently 1.1 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZU. Hoey Investments Inc. lifted its stake in Direxion Daily AMZN Bull 2X Shares by 51.9% during the third quarter. Hoey Investments Inc. now owns 30,460 shares of the company’s stock worth $663,000 after purchasing an additional 10,410 shares during the period. Virtu Financial LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the fourth quarter worth about $260,000. IMC Chicago LLC lifted its stake in Direxion Daily AMZN Bull 2X Shares by 44.9% during the fourth quarter. IMC Chicago LLC now owns 24,287 shares of the company’s stock worth $660,000 after purchasing an additional 7,525 shares during the period. Capital CS Group LLC bought a new position in Direxion Daily AMZN Bull 2X Shares during the first quarter worth about $255,000. Finally, TRUE Private Wealth Advisors lifted its stake in Direxion Daily AMZN Bull 2X Shares by 9.8% during the third quarter. TRUE Private Wealth Advisors now owns 52,343 shares of the company’s stock worth $1,138,000 after purchasing an additional 4,656 shares during the period.
Direxion Daily AMZN Bull 2X Shares Price Performance
Shares of NASDAQ AMZU traded up $2.13 during mid-day trading on Friday, hitting $33.35. The company had a trading volume of 621,982 shares, compared to its average volume of 242,199. The business’s 50-day simple moving average is $33.57 and its 200-day simple moving average is $29.04. Direxion Daily AMZN Bull 2X Shares has a 12 month low of $16.35 and a 12 month high of $37.50. The firm has a market cap of $76.04 million, a P/E ratio of 121.61 and a beta of -2.52.
Direxion Daily AMZN Bull 2X Shares Announces Dividend
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.
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