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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 179,015 shares, an increase of 508.1% from the December 15th total of 29,440 shares. Based on an average daily trading volume, of 154,170 shares, the short-interest ratio is currently 1.2 days. Approximately 10.2% of the company’s shares are short sold. Approximately 10.2% of the company’s shares are short sold. Based on an average daily trading volume, of 154,170 shares, the short-interest ratio is currently 1.2 days.

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

A number of hedge funds have recently made changes to their positions in AMZZ. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth $62,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter valued at about $67,000. Optiver Holding B.V. increased its stake in GraniteShares 2x Long AMZN Daily ETF by 1,269.0% during the third quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock worth $253,000 after acquiring an additional 7,868 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth about $332,000. Finally, Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth about $763,000.

GraniteShares 2x Long AMZN Daily ETF Stock Down 0.7%

Shares of AMZZ stock traded down $0.26 during trading hours on Monday, hitting $35.67. 214,109 shares of the company were exchanged, compared to its average volume of 310,073. The firm has a fifty day moving average of $32.39 and a 200 day moving average of $31.95. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $17.77 and a 1 year high of $41.70. The firm has a market cap of $62.42 million, a PE ratio of -586.77 and a beta of 2.66.

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.