Direxion Daily AMZN Bear 1X ETF
AMZD
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Sep 8, 2022
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily AMZN Bear 1X Shares (AMZD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) performance of the common shares of Amazon.com, Inc. (NASDAQ: AMZN); the fund employs derivatives such as swaps, futures, and options to achieve its short strategy without holding physical shares of Amazon stock. Launched on September 7, 2022, and listed on the NASDAQ, AMZD targets short-term traders, speculators, and hedgers seeking bearish exposure to Amazon's stock price movements in the consumer retail and e-commerce sectors, with an expense ratio of 1.02% (net) and assets under management around $5-7 million. The fund operates within the broader leveraged and inverse ETF category managed by Rafferty Asset Management, LLC, under the Direxion Shares ETF Trust, and is designed for daily resets, making it unsuitable for long-term holding due to compounding effects and volatility decay. AMZD provides inverse (-1x) daily exposure exclusively to Amazon.com, Inc., a company engaged in retail sales of consumer products, subscriptions, and cloud computing services through segments including North America, International, and Amazon Web Services; it does not offer diversified holdings, bull leveraged products, or traditional logistics services. The fund utilizes advanced financial platforms for real-time trading, risk management, and portfolio optimization, supporting high-frequency strategies amid Amazon's market fluctuations. Distributions include quarterly income dividends, such as $0.06763 per share in June 2025 and $0.10390 in March 2025, with no recent capital gains reported. Direxion, the brand issuer founded in 1997 and headquartered in New York with additional offices in Boston, Alexandria, and Hong Kong, specializes in leveraged and inverse ETFs for opportunistic trading across equity, fixed income, and alternative assets; Rafferty Asset Management, LLC serves as the adviser with approximately 43 employees managing substantial assets for institutional and retail clients. The fund is available to U.S. and global investors via major brokerages without front-end loads or minimum investments. In September 2024, Direxion entered a strategic partnership with SS&C ALPS Distributors to enhance ETF and mutual fund distribution, medallion services, FINRA compliance, and access to registered fund services, supporting business growth and wider market reach. Recent Direxion product expansions include new daily leveraged and inverse single-stock ETFs for Boeing (BA) and Exxon Mobil (XOM) in April 2025, Eli Lilly (LLY) and Palo Alto Networks (PANW) in March 2025, alongside appointments like Mo Sparks as Chief Product Officer in April 2025, reflecting ongoing innovation in tactical trading solutions. The company maintains operational efficiency through SEC-registered structures and quantitative derivative strategies, with no reported acquisitions, funding rounds, or reorganizations specific to AMZD in the last 1-2 years. AMZD remains focused on precise inverse Amazon exposure amid heightened volatility in tech and retail sectors.