Direxion Daily AMZN Bull 2X Shares: Leveraged Exposure to Amazon’s Daily Performance

The Direxion Daily AMZN Bull 2X Shares (trading under the ticker symbol AMZU) is designed for investors seeking amplified exposure to Amazon.com Inc.’s daily stock movement. This exchange-traded fund (ETF) aims to deliver results that are twice (200%) the daily performance of Amazon’s stock, before accounting for fees and expenses.

Trading Range and Recent Performance

On the most recent trading day, AMZU opened at $38.08 and fluctuated between $37.03 and $38.09. The fund closed at $37.15, reflecting a decline of $0.80, or 2.11%. Over the past 52 weeks, AMZU’s price has ranged from a low of $21.28 to a high of $50.61. Such a wide range highlights both the volatility of the underlying asset—Amazon—and the effects of the fund’s leveraged structure, which can amplify both gains and losses.

Fund Structure and Net Assets

AMZU is structured to be highly responsive to Amazon’s daily price changes. The fund currently has approximately 7.8 million shares outstanding, with total net assets reaching $275.9 million. Unlike traditional ETFs, which generally track broader indices or baskets of stocks, AMZU focuses almost exclusively on Amazon, making it a concentrated and high-risk option.

Investment Strategy and Approach

The core objective of AMZU is to provide 200% of Amazon’s daily performance. To achieve this, the fund invests at least 80% of its net assets in Amazon’s securities and financial instruments tied to Amazon’s performance. These instruments may include swap agreements, options, and other derivatives, all designed to provide leveraged exposure to the stock.

Because of this strategy, the fund’s performance is closely tied to Amazon’s stock price movements on a day-to-day basis. This structure enables investors to potentially double their gains on days when Amazon performs well. However, it also means that losses can be magnified if Amazon’s stock declines. For this reason, the fund is generally intended for experienced investors who actively monitor their positions and understand the risks associated with leverage.

Key Metrics and Fund Details

• Net Asset Value (NAV): As of July 7, 2025, AMZU’s NAV was $37.96.

• Beta: The fund has a beta of 2.49, indicating that it is much more volatile than the broader market and even more so than Amazon stock itself.

• Expense Ratio: AMZU has a net expense ratio of 0.99%, which is relatively high compared to standard index ETFs. The higher cost reflects the complexity of maintaining leveraged exposure.

• Market Capitalization: The fund’s market cap is not listed, as it is structured as an ETF and does not represent a traditional company.

Who Should Consider AMZU?

AMZU is designed primarily for sophisticated traders or investors who seek short-term, leveraged exposure to Amazon’s stock. The fund is not intended for buy-and-hold investors or those with a low tolerance for risk, due to its daily rebalancing and compounding effects that can lead to significant tracking errors over longer periods.

Leveraged ETFs like AMZU require active management and close attention. Because returns are calculated on a daily basis, holding the fund over longer periods can result in performance that diverges sharply from the expected 2x return, especially in volatile or sideways markets.

Risks and Considerations

Investors should be aware that leveraged ETFs can experience rapid losses, especially if the underlying stock experiences significant volatility. The use of derivatives, such as swaps and options, adds another layer of risk, and the compounding effect can erode returns if the stock does not consistently trend upward.

The fund’s relatively high expense ratio can also impact overall returns, particularly for those who hold positions over multiple days.

Conclusion

The Direxion Daily AMZN Bull 2X Shares provides investors with a tool to capitalize on short-term movements in Amazon’s stock, offering the possibility of double the daily returns—both positive and negative. While the fund can deliver substantial gains during periods of strong performance for Amazon, it is equally capable of amplifying losses. As such, AMZU is best suited for experienced investors with a clear understanding of the risks associated with leveraged products and a commitment to closely monitoring their investments.