Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Sees Large Growth in Short Interest

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 18,700 shares, an increase of 22.2% from the May 31st total of 15,300 shares. Based on an average daily volume of 44,500 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of NASDAQ AMZD traded down $0.17 during trading hours on Tuesday, hitting $13.04. 21,488 shares of the stock were exchanged, compared to its average volume of 36,991. The company’s 50 day moving average is $14.25 and its 200 day moving average is $15.24. Direxion Daily AMZN Bear 1X Shares has a one year low of $13.02 and a one year high of $22.56.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be issued a dividend of $0.1741 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Tuesday, June 25th.

Institutional Trading of Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. IMC Chicago LLC purchased a new stake in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,832 shares of the company’s stock, valued at approximately $781,000. IMC Chicago LLC owned 26.37% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

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.