Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Increases By 153.7%

Posted by Cynthia Vaughn on Jan 30th, 2025

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 88,800 shares, an increase of 153.7% from the December 31st 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 Price Performance

NASDAQ AMZD traded up $0.07 on Thursday, hitting $10.74. 9,439 shares of the stock traded hands, compared to its average volume of 63,423. The business’s fifty day moving average is $11.49 and its two-hundred day moving average is $13.12. Direxion Daily AMZN Bear 1X Shares has a 12 month low of $10.46 and a 12 month high of $17.11.

Direxion Daily AMZN Bear 1X Shares Announces Dividend

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

Institutional Trading of 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 position in shares of Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 approximately 4.06% of Direxion Daily AMZN Bear 1X Shares at the end of the most recent reporting period.

About Direxion Daily AMZN Bear 1X Shares

(Get Free Report)

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.