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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 330,666 shares, an increase of 550.3% from the January 29th total of 50,845 shares. Based on an average daily trading volume, of 747,112 shares, the days-to-cover ratio is presently 0.4 days. Approximately 19.5% of the company’s shares are short sold. Approximately 19.5% of the company’s shares are short sold. Based on an average daily trading volume, of 747,112 shares, the days-to-cover ratio is presently 0.4 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth approximately $62,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth $67,000. Optiver Holding B.V. raised its position 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 valued at $253,000 after purchasing an additional 7,868 shares during the period. Susquehanna International Group LLP acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $332,000. Finally, NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $694,000.

GraniteShares 2x Long AMZN Daily ETF Stock Up 2.2%

Shares of NASDAQ:AMZZ opened at $25.51 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.77 and a 52-week high of $40.21. The stock has a market cap of $43.37 million, a P/E ratio of -419.64 and a beta of 2.66. The business has a fifty day moving average of $30.36 and a two-hundred day moving average of $31.33.

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.