Renaissance Technologies Invests $752K in Direxion Daily AMZN Bull 2X Shares ETF

Renaissance Technologies LLC has invested in Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU) for approximately $752,000. According to a recent SEC filing, the firm purchased 28,000 shares of the company's stock in the first quarter.

The investment is part of a larger trend of institutional investors increasing their holdings in the company. UBS Group AG, for example, raised its holdings by 9,912.7% in the fourth quarter and now owns 456,078 shares valued at $15,940,000.

The Direxion Daily AMZN Bull 2X Shares ETF (AMZU) is an exchange-traded fund that provides leveraged exposure to Amazon stock. The fund was launched on September 7, 2022, and is managed by Direxion.