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

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

GraniteShares 2x Long AMZN Daily ETF Stock Down 1.4%

Shares of GraniteShares 2x Long AMZN Daily ETF stock traded down $0.45 during mid-day trading on Friday, reaching $32.50. 90,910 shares of the stock traded hands, compared to its average volume of 265,862. The stock has a market capitalization of $46.80 million, a PE ratio of -534.63 and a beta of 3.57. The business has a 50-day moving average of $35.33 and a 200 day moving average of $31.53. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $22.21 and a fifty-two week high of $43.11.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Group One Trading LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth approximately $67,000. Susquehanna International Group LLP purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $332,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter worth $694,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth $763,000. Finally, Optiver Holding B.V. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth $912,000.

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.