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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 4,700 shares, a decline of 86.2% from the September 30th total of 34,100 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily AMZN Bear 1X Shares Stock Performance

Shares of NASDAQ AMZD opened at $13.70 on Friday. Direxion Daily AMZN Bear 1X Shares has a fifty-two week low of $12.99 and a fifty-two week high of $22.56. The company’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $14.22.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1408 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.