Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Update

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 15th total of 35,000 shares. Based on an average daily trading volume, of 58,600 shares, the days-to-cover ratio is currently 1.5 days.

Direxion Daily AMZN Bear 1X Shares Stock Down 2.6 %

Shares of NASDAQ AMZD traded down $0.30 during mid-day trading on Wednesday, hitting $11.32. The stock had a trading volume of 9,895 shares, compared to its average volume of 49,701. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $10.97 and a 1 year high of $17.63. The business has a 50 day moving average price of $11.76 and a two-hundred day moving average price of $13.27.

Direxion Daily AMZN Bear 1X Shares Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1119 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily AMZN Bear 1X Shares stock. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

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.