GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Sees Significant Growth in Short Interest

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 179,015 shares, a growth of 508.1% from the December 15th total of 29,440 shares. Based on an average daily trading volume, of 154,170 shares, the days-to-cover ratio is currently 1.2 days. Approximately 10.2% of the company’s shares are sold short. Approximately 10.2% of the company’s shares are sold short. Based on an average daily trading volume, of 154,170 shares, the days-to-cover ratio is currently 1.2 days.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of AMZZ stock opened at $34.53 on Wednesday. The company has a market capitalization of $60.43 million, a P/E ratio of -568.02 and a beta of 2.66. The company’s 50-day simple moving average is $32.27 and its two-hundred day simple moving average is $32.01. GraniteShares 2x Long AMZN Daily ETF has a one year low of $17.77 and a one year high of $41.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter valued at $62,000. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the second quarter valued at about $67,000. Optiver Holding B.V. lifted its stake in GraniteShares 2x Long AMZN Daily ETF by 1,269.0% in the third quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock worth $253,000 after acquiring an additional 7,868 shares during the period. Susquehanna International Group LLP bought a new position in GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth about $332,000. Finally, NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth about $694,000.

About GraniteShares 2x Long AMZN Daily ETF

The GraniteShares 2x Long AMZN Daily ETF (AMZZ) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Amazon stock. AMZZ was launched on Mar 4, 2024 and is issued by GraniteShares.