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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 42,726 shares, a drop of 76.1% from the December 31st total of 179,015 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 279,641 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 279,641 shares, the short-interest ratio is currently 0.2 days. Approximately 2.4% of the company’s stock are sold short.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF in the second quarter worth approximately $62,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF in the second quarter worth $67,000. Optiver Holding B.V. boosted its holdings 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 purchasing an additional 7,868 shares in the last quarter. Susquehanna International Group LLP acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $332,000. Finally, NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at about $694,000.

GraniteShares 2x Long AMZN Daily ETF Price Performance

AMZZ opened at $34.94 on Wednesday. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.77 and a fifty-two week high of $41.70. The business has a 50-day moving average of $31.89 and a 200-day moving average of $32.10. The company has a market capitalization of $61.15 million, a PE ratio of -574.77 and a beta of 2.66.

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.