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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 105,665 shares, a drop of 51.2% from the September 30th total of 216,485 shares. Approximately 7.5% of the company’s stock are short sold. Based on an average daily volume of 105,151 shares, the days-to-cover ratio is currently 1.0 days.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned 2.25% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AMZN Daily ETF Price Performance

NASDAQ AMZZ traded down $0.94 during trading on Friday, hitting $29.12. The company’s stock had a trading volume of 398,829 shares, compared to its average volume of 216,271. The business’s 50 day simple moving average is $33.23 and its 200-day simple moving average is $32.36. The company has a market cap of $40.77 million, a PE ratio of -479.03 and a beta of 3.41. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $22.21 and a fifty-two week high of $43.11.

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.