GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Sees Large Decline in Short Interest

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 29,440 shares, a decline of 48.6% from the November 30th total of 57,240 shares. Based on an average trading volume of 220,920 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.3% of the company’s stock are short sold. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 220,920 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMZZ. Susquehanna International Group LLP acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at approximately $332,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth approximately $763,000. Group One Trading LLC lifted its position in GraniteShares 2x Long AMZN Daily ETF by 412.6% in the third quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock worth $329,000 after purchasing an additional 8,909 shares during the period. Optiver Holding B.V. increased its holdings in GraniteShares 2x Long AMZN Daily ETF by 1,269.0% in the 3rd quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock valued at $253,000 after buying an additional 7,868 shares during the period. Finally, Hollencrest Capital Management acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter valued at about $62,000.

GraniteShares 2x Long AMZN Daily ETF Trading Up 0.1%

NASDAQ AMZZ opened at $31.99 on Friday. The company has a market capitalization of $73.58 million, a PE ratio of -526.24 and a beta of 2.66. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $17.77 and a 1-year high of $41.70. The firm’s fifty day simple moving average is $32.02 and its 200-day simple moving average is $31.67.

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.