GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Down 50.9% in July

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 126,815 shares, a decrease of 50.9% from the June 30th total of 258,066 shares. Approximately 9.3% of the company’s stock are sold short. Based on an average daily trading volume, of 130,997 shares, the days-to-cover ratio is currently 1.0 days.

GraniteShares 2x Long AMZN Daily ETF Stock Down 2.4%

AMZZ stock traded down $0.69 during midday trading on Tuesday, hitting $27.99. The company’s stock had a trading volume of 65,580 shares, compared to its average volume of 254,046. The firm has a 50-day simple moving average of $33.55 and a 200-day simple moving average of $31.56. The firm has a market capitalization of $37.51 million, a P/E ratio of -460.44 and a beta of 3.57. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $22.21 and a 52-week high of $43.11.

Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF

Hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at about $912,000. NewEdge Advisors LLC purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth approximately $694,000. Prosperity Wealth Management Inc. acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $763,000. Susquehanna International Group LLP purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter worth approximately $332,000. Finally, Group One Trading LLC lifted its stake in GraniteShares 2x Long AMZN Daily ETF by 412.6% in the third quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock worth $329,000 after acquiring an additional 8,909 shares during the last quarter.

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.