GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 118,100 shares, an increase of 794.7% from the February 28th total of 13,200 shares. Approximately 8.5% of the company’s stock are sold short. Based on an average daily trading volume, of 241,100 shares, the short-interest ratio is presently 0.5 days.
GraniteShares 2x Long AMZN Daily ETF Trading Down 4.5 %
Shares of AMZZ stock opened at $27.98 on Thursday. The company has a market capitalization of $38.89 million, a price-to-earnings ratio of -460.27 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $17.51 and a 1-year high of $41.70. The stock’s fifty day simple moving average is $33.63 and its 200-day simple moving average is $31.68.
Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF
A number of institutional investors have recently bought and sold shares of the business. Spire Wealth Management acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at about $38,000. Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at approximately $386,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at approximately $351,000. Finally, Optiver Holding B.V. lifted its position 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 worth $2,794,000 after buying an additional 61,874 shares in the last quarter.
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.
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