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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 58,200 shares, a growth of 246.4% from the October 15th total of 16,800 shares. Based on an average trading volume of 115,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

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) in 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 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 $33.57 on Thursday. The stock has a market cap of $30.88 million, a P/E ratio of -552.23 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 $33.83. The firm’s fifty day moving average price is $26.68 and its 200-day moving average price is $26.49.

About GraniteShares 2x Long AMZN Daily ETF

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.