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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 118,100 shares, a growth of 794.7% from the February 28th total of 13,200 shares. Currently, 8.5% of the company’s shares are sold short. Based on an average daily volume of 241,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at $38,000. Flow Traders U.S. LLC purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $386,000. Jane Street Group LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth approximately $351,000. Finally, Optiver Holding B.V. grew its holdings in GraniteShares 2x Long AMZN Daily ETF by 326.1% in the 4th quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock valued at $2,794,000 after buying an additional 61,874 shares in the last quarter.

GraniteShares 2x Long AMZN Daily ETF Stock Up 0.3 %

Shares of NASDAQ AMZZ opened at $28.05 on Friday. GraniteShares 2x Long AMZN Daily ETF has a twelve month low of $17.51 and a twelve month high of $41.70. The business has a fifty day simple moving average of $33.50 and a two-hundred day simple moving average of $31.66. The firm has a market cap of $38.99 million, a PE ratio of -461.42 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.