Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Down 67.7% in November

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 3,100 shares, a drop of 67.7% from the October 31st total of 9,600 shares. Based on an average daily trading volume, of 51,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily AMZN Bear 1X Shares

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

Direxion Daily AMZN Bear 1X Shares Trading Down 1.0 %

AMZD stock traded down $0.12 during mid-day trading on Friday, reaching $12.30. The company’s stock had a trading volume of 17,553 shares, compared to its average volume of 44,399. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $11.87 and a 12 month high of $18.62. The business’s 50 day moving average price is $13.23 and its 200 day moving average price is $13.94.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1408 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Tuesday, September 24th.

Direxion Daily AMZN Bear 1X Shares Company Profile

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.