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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 38,500 shares, a growth of 9.7% from the January 15th total of 35,100 shares. Based on an average trading volume of 171,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at about $26,000. Spire Wealth Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth $38,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the fourth quarter valued at $351,000. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at $386,000. Finally, Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long AMZN Daily ETF by 326.1% in the fourth quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock valued at $2,794,000 after purchasing an additional 61,874 shares during the period.

GraniteShares 2x Long AMZN Daily ETF Price Performance

GraniteShares 2x Long AMZN Daily ETF stock opened at $36.87 on Tuesday. The stock has a fifty day moving average price of $37.25 and a two-hundred day moving average price of $30.46. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.51 and a 52-week high of $41.70. The firm has a market capitalization of $40.93 million, a P/E ratio of -606.51 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.