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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 216,485 shares, an increase of 157.8% from the September 15th total of 83,987 shares. Based on an average trading volume of 164,332 shares, the days-to-cover ratio is presently 1.3 days. Currently, 15.4% of the company’s stock are sold short.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned about 2.25% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AMZN Daily ETF Price Performance

AMZZ traded down $0.64 on Monday, reaching $34.60. The company’s stock had a trading volume of 44,792 shares, compared to its average volume of 222,061. The stock has a market cap of $48.79 million, a price-to-earnings ratio of -569.52 and a beta of 3.41. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $22.21 and a 1 year high of $43.11. The business’s 50 day moving average is $34.74 and its 200 day moving average is $33.86.

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.