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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 105,665 shares, a decline of 51.2% from the September 30th total of 216,485 shares. Based on an average daily volume of 105,151 shares, the short-interest ratio is presently 1.0 days. Currently, 7.5% of the shares of the company are sold short.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

NASDAQ AMZZ traded down $0.94 during mid-day trading on Friday, reaching $29.12. 398,829 shares of the stock were exchanged, compared to its average volume of 216,271. The business’s 50 day moving average is $33.23 and its 200-day moving average is $32.36. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $22.21 and a 1 year high of $43.11. The company has a market capitalization of $40.77 million, a P/E ratio of -479.03 and a beta of 3.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 1st quarter, according to its most recent Form 13F 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 approximately 2.25% of GraniteShares 2x Long AMZN Daily ETF as of its most recent SEC filing.

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.