Significant Rise in Short Interest for Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) in October

The Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) experienced a notable increase in short interest throughout October. As of October 15th, short interest reached a total of 519,400 shares, marking a substantial rise of 66.5% from the previous figure of 312,000 shares on September 30th. This increase is particularly significant when considered against an average trading volume of 714,400 shares, resulting in a short-interest ratio of approximately 0.7 days.

Investor Activity in Direxion Daily AMZN Bull 2X Shares

Several large investors have made shifts to their positions concerning AMZU recently. Hollencrest Capital Management acquired a new stake in Direxion Daily AMZN Bull 2X Shares in the second quarter, valued at $37,000. In addition, Regal Investment Advisors LLC purchased a new stake worth $273,000 during the same period. Client First Investment Management LLC also invested in AMZU with a new stake valued at $297,000, while Traynor Capital Management Inc. significantly increased its holdings by 56.4% in the third quarter, now owning 21,500 shares valued at about $697,000 after acquiring an extra 7,750 shares.

Current Share Price of Direxion Daily AMZN Bull 2X Shares

As for the pricing, shares of Direxion Daily AMZN Bull 2X opened at $32.82 on Tuesday. Over the past year, the stock has seen a low of $21.97 and a high of $40.20. It currently holds a fifty-day moving average price of $31.75 and a 200-day moving average price of $33.22. The market capitalization stands at $152.61 million, with a price-to-earnings (P/E) ratio of 120.98, and a beta of -2.52.

Dividend Announcement from Direxion Daily AMZN Bull 2X Shares

Furthermore, the company declared a quarterly dividend which was paid on Tuesday, October 1st. Shareholders of record on September 24th received a dividend of $0.3042, which is an increase from the previous dividend of $0.25 per share. This results in an annualized dividend of $1.22, reflecting a yield of 3.71%. The ex-dividend date was also September 24th.

Overview of Direxion Daily AMZN Bull 2X Shares

The Direxion Daily AMZN Bull 1.5X Shares ETF (AMZU) is an exchange-traded fund (ETF) designed to provide investors with 1.5x leveraged exposure to the daily price movements of Amazon.com, Inc. The fund initially launched on September 7, 2022, and is operated by Direxion.

AMZU, investment, ETFs