Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 65.5%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 13,200 shares, a drop of 65.5% from the February 13th total of 38,300 shares. Based on an average daily volume of 220,900 shares, the short-interest ratio is currently 0.1 days. Approximately 1.6% of the shares of the stock are sold short.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

Shares of GraniteShares 2x Long AMZN Daily ETF stock opened at $27.56 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $41.70. The company has a market capitalization of $22.87 million, a P/E ratio of -453.36 and a beta of 2.84. The company has a fifty day moving average of $35.24 and a 200 day moving average of $31.40.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

Hedge funds have recently made changes to their positions in the business. Spire Wealth Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at approximately $38,000. Jane Street Group LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at approximately $351,000. Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at approximately $386,000. Finally, Optiver Holding B.V. lifted its holdings 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 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.