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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 58,200 shares, an increase of 246.4% from the October 15th total of 16,800 shares. Based on an average daily trading volume, of 115,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Hollencrest Capital Management purchased a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned approximately 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

AMZZ opened at $33.57 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $33.83. The firm’s fifty day moving average is $26.68 and its 200 day moving average is $26.49. The stock has a market cap of $30.88 million, a price-to-earnings ratio of -552.23 and a beta of 2.84.

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.