Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Declines By 20.8%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 261,834 shares, a decline of 20.8% from the February 12th total of 330,666 shares. Based on an average daily volume of 273,829 shares, the days-to-cover ratio is presently 1.0 days. Currently, 15.4% of the shares of the company are sold short. Currently, 15.4% of the shares of the company are sold short. Based on an average daily volume of 273,829 shares, the days-to-cover ratio is presently 1.0 days.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

Shares of AMZZ opened at $24.75 on Friday. The company has a 50-day simple moving average of $28.99 and a 200-day simple moving average of $30.78. GraniteShares 2x Long AMZN Daily ETF has a 52 week low of $17.77 and a 52 week high of $40.21. The firm has a market capitalization of $42.08 million, a P/E ratio of -407.14 and a beta of 2.66.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

Several large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter worth approximately $62,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth approximately $67,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long AMZN Daily ETF by 1,269.0% during the third quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock valued at $253,000 after purchasing an additional 7,868 shares during the period. Susquehanna International Group LLP bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at approximately $332,000. Finally, NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at $694,000.

GraniteShares 2x Long AMZN Daily ETF Company Profile

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.