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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant growth in short interest during 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 daily 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

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Flow Traders U.S. LLC purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 Stock Performance

GraniteShares 2x Long AMZN Daily ETF stock opened at $34.56 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $17.51 and a 1 year high of $39.20. The firm’s 50-day moving average is $32.53 and its 200-day moving average is $28.27. The company has a market cap of $31.80 million, a P/E ratio of -568.51 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.