GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Down 57.0% in November

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 16,900 shares, a decline of 57.0% from the November 15th total of 39,300 shares. Based on an average daily trading volume, of 142,800 shares, the days-to-cover ratio is currently 0.1 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. Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned about 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

Shares of NASDAQ:AMZZ opened at $37.40 on Friday. The company’s 50-day moving average is $29.97 and its 200 day moving average is $27.40. The company has a market capitalization of $34.41 million, a P/E ratio of -615.23 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $38.65.

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.