Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 76.1%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 42,726 shares, a decrease of 76.1% from the December 31st total of 179,015 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 279,641 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 279,641 shares, the short-interest ratio is currently 0.2 days. Currently, 2.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth $62,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth about $67,000. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Long AMZN Daily ETF by 1,269.0% during the 3rd 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 period. Susquehanna International Group LLP acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at about $332,000. Finally, Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at about $763,000.

GraniteShares 2x Long AMZN Daily ETF Stock Down 1.4%

Shares of AMZZ opened at $34.46 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $17.77 and a 12-month high of $41.70. The firm has a market capitalization of $60.31 million, a price-to-earnings ratio of -566.87 and a beta of 2.66. The stock’s 50-day moving average price is $31.98 and its 200 day moving average price is $32.12.

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.