GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 43,600 shares, a decline of 63.1% from the March 15th total of 118,100 shares. Based on an average daily trading volume, of 325,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.1% of the company’s shares are sold short.
GraniteShares 2x Long AMZN Daily ETF Trading Down 2.9 %
Shares of AMZZ opened at $21.48 on Wednesday. GraniteShares 2x Long AMZN Daily ETF has a twelve month low of $17.51 and a twelve month high of $41.70. The company’s fifty day simple moving average is $28.55 and its 200-day simple moving average is $31.28. The company has a market cap of $30.50 million, a P/E ratio of -353.35 and a beta of 2.84.
Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF
Large investors have recently bought and sold shares of the business. Spire Wealth Management bought a new position in GraniteShares 2x Long AMZN Daily ETF in the fourth quarter worth approximately $38,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the first quarter worth about $697,000. Jane Street Group LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF during the 4th quarter worth about $351,000. Finally, Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long AMZN Daily ETF by 326.1% in the 4th quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock valued at $2,794,000 after purchasing an additional 61,874 shares in 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.
Further Reading
- Five stocks we like better than GraniteShares 2x Long AMZN Daily ETF
- What is a Stock Market Index and How Do You Use Them?
- Why Uber’s Stock Could Soar on AV Growth and Tariff Resilience
- Do ETFs Pay Dividends? What You Need to Know
- Beware of BigBear.ai: Insiders Are Selling—Should You?
- What is a Low P/E Ratio and What Does it Tell Investors?
- CrowdStrike Stock is a Buy as Cyberthreat Environment Expands
Receive News & Ratings for GraniteShares 2x Long AMZN Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares 2x Long AMZN Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
