Short Interest in Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD) Rises By 82.7%

Posted by ABMN Staff on Mar 30th, 2025

Direxion Daily AMZN Bear 1X Shares (NASDAQ:AMZD – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 67,800 shares, an increase of 82.7% from the February 28th total of 37,100 shares. Approximately 15.8% of the shares of the stock are sold short. Based on an average trading volume of 192,700 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily AMZN Bear 1X Shares Price Performance

AMZD opened at $12.96 on Friday. Direxion Daily AMZN Bear 1X Shares has a 52-week low of $10.44 and a 52-week high of $16.84. The business’s fifty day moving average is $11.71 and its 200-day moving average is $12.27.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.1039 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.42 dividend on an annualized basis and a yield of 3.21%.

Hedge Funds Weigh In On Direxion Daily AMZN Bear 1X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares during the 3rd quarter worth approximately $168,000. PayPay Securities Corp bought a new stake in Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth $64,000. Jump Financial LLC bought a new stake in Direxion Daily AMZN Bear 1X Shares during the fourth quarter worth $618,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily AMZN Bear 1X Shares in the 4th quarter valued at $243,000.

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.