GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Update

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 258,066 shares, an increase of 482.7% from the June 15th total of 44,285 shares. Approximately 17.9% of the shares of the company are short sold. Based on an average trading volume of 213,004 shares, the short-interest ratio is currently 1.2 days.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of GraniteShares 2x Long AMZN Daily ETF stock traded up $0.53 during trading hours on Monday, reaching $33.03. The company had a trading volume of 19,911 shares, compared to its average volume of 263,974. The firm has a market cap of $46.57 million, a PE ratio of -543.35 and a beta of 3.57. GraniteShares 2x Long AMZN Daily ETF has a one year low of $22.21 and a one year high of $43.11. The business has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $31.54.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at about $912,000. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $332,000. Prosperity Wealth Management Inc. purchased a new position in GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at approximately $763,000. Group One Trading LLC grew its stake in GraniteShares 2x Long AMZN Daily ETF by 412.6% during the third quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock valued at $329,000 after acquiring an additional 8,909 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth approximately $694,000.

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.