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

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

Direxion Daily AMZN Bear 1X Shares Trading Down 1.7 %

NASDAQ AMZD traded down $0.24 during trading hours on Friday, reaching $13.56. 2,860 shares of the stock traded hands, compared to its average volume of 40,760. The stock has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $14.23. Direxion Daily AMZN Bear 1X Shares has a 1 year low of $12.99 and a 1 year high of $22.56.

Direxion Daily AMZN Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.1408 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Tuesday, September 24th.

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.