Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Rises By 5.9%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 17,900 shares, a growth of 5.9% from the November 30th total of 16,900 shares. Based on an average trading volume of 143,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 14,861 shares of the company’s stock, valued at approximately $386,000. Flow Traders U.S. LLC owned 1.62% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of NASDAQ:AMZZ opened at $34.56 on Wednesday. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $17.51 and a 1-year high of $39.20. The stock has a market cap of $31.80 million, a P/E ratio of -568.51 and a beta of 2.84. The firm has a fifty day moving average price of $32.53 and a 200 day moving average price of $28.27.

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.