GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 550.3% in February

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 330,666 shares, an increase of 550.3% from the January 29th total of 50,845 shares. Currently, 19.5% of the company’s stock are short sold. Based on an average daily trading volume, of 747,112 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 747,112 shares, the short-interest ratio is currently 0.4 days. Currently, 19.5% of the company’s stock are short sold.

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

Institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF in the second quarter valued at approximately $62,000. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth approximately $67,000. Optiver Holding B.V. boosted its stake 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 position in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth approximately $332,000. Finally, NewEdge Advisors LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $694,000.

GraniteShares 2x Long AMZN Daily ETF Price Performance

AMZZ stock traded up $0.54 during trading hours on Wednesday, reaching $25.51. The stock had a trading volume of 215,676 shares, compared to its average volume of 417,945. The stock has a 50-day simple moving average of $30.43 and a 200 day simple moving average of $31.38. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.77 and a fifty-two week high of $40.21. The stock has a market capitalization of $43.37 million, a PE ratio of -419.64 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.