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

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 51,800 shares, an increase of 86.3% from the March 31st total of 27,800 shares. Approximately 17.3% of the shares of the company are short sold. Based on an average daily trading volume, of 314,600 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

Shares of NASDAQ:AMZD opened at $12.91 on Tuesday. The firm has a fifty day moving average price of $12.96 and a two-hundred day moving average price of $12.24. Direxion Daily AMZN Bear 1X Shares has a one year low of $10.44 and a one year high of $16.84.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.1039 dividend. This represents a $0.42 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZD. PayPay Securities Corp bought a new position in Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $64,000. Jump Financial LLC bought a new position in Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $618,000. Finally, Jane Street Group LLC bought a new position in Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $243,000.

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.