Direxion Daily AMZN Bull 2X ETF
AMZU
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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 7, 2022
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily AMZN Bull 2X Shares (AMZU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the performance of the Amazon.com, Inc. stock. The fund provides amplified exposure to Amazon's stock price movements through the use of financial derivatives, including swap agreements and futures contracts; it does not invest directly in Amazon shares but employs a portfolio of swap agreements with major financial institutions, money market instruments, and short-term U.S. Treasury securities to achieve its leveraged objectives. AMZU targets sophisticated investors seeking short-term trading strategies in the consumer discretionary sector, with daily rebalancing to maintain its 2X leverage ratio, which can result in higher volatility and potential for significant gains or losses over time. The fund operates primarily in the United States, listed on the NYSE Arca exchange under the ticker AMZU, and is managed by Direxion Investments, a subsidiary of Rafferty Asset Management, LLC, based in Rye Brook, New York. Launched in September 2022, it forms part of Direxion's suite of daily leveraged and inverse ETFs focused on single stocks and thematic indices. Geographically, its exposure is tied to Amazon's global operations across e-commerce, cloud computing via AWS, digital advertising, and subscription services in North America, Europe, Asia-Pacific, and other regions. Recent developments include expanded marketing efforts amid heightened retail investor interest in single-stock ETFs following U.S. Securities and Exchange Commission approvals in 2022; Direxion announced enhancements to its leveraged ETF lineup in mid-2024, incorporating improved liquidity provisions and risk disclosures for products like AMZU. In late 2024, the fund benefited from strategic alliances with authorized participants for better creation/redemption efficiency, alongside minor portfolio adjustments to optimize swap counterparty exposure amid rising interest rates. No major acquisitions, funding rounds, or name changes have occurred for AMZU specifically within the last two years, though Direxion continues to monitor regulatory shifts in leveraged products.