Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Short Interest Up 1,618.8% in July

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 385,000 shares, agrowthof1,618.8% from the July 15th total of 22,400 shares. Based on an average daily volume of 348,500 shares, the short-interest ratio is currently 1.1 days. Currently,59.2% of the shares of the stock are short sold. Currently,59.2% of the shares of the stock are short sold. Based on an average daily volume of 348,500 shares, the short-interest ratio is currently 1.1 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $10.35 on Friday. The firm has a 50-day simple moving average of $10.86 and a two-hundred day simple moving average of $11.82. Direxion Daily AMZN Bear 1X Shares has a 52 week low of $10.17 and a 52 week high of $15.33.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.0676 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMZD. Jump Financial LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $618,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 4th quarter valued at about $243,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at about $119,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 2nd quarter valued at about $164,000.

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.