Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Increases By 482.7%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZGet Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 258,066 shares, an increase of 482.7% from the June 15th total of 44,285 shares. Based on an average daily trading volume, of 213,004 shares, the short-interest ratio is currently 1.2 days. Approximately 17.9% of the company’s shares are short sold.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

GraniteShares 2x Long AMZN Daily ETF stock traded down $0.45 during midday trading on Friday, reaching $32.50. The stock had a trading volume of 90,910 shares, compared to its average volume of 265,862. The stock’s 50-day simple moving average is $35.33 and its 200 day simple moving average is $31.53. GraniteShares 2x Long AMZN Daily ETF has a twelve month low of $22.21 and a twelve month high of $43.11. The stock has a market capitalization of $45.83 million, a PE ratio of -534.63 and a beta of 3.57.

Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF

Several hedge funds have recently modified their holdings of the stock. Group One Trading LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth approximately $67,000. Susquehanna International Group LLP purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at approximately $332,000. Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at approximately $763,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth approximately $694,000. Finally, Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth approximately $912,000.

GraniteShares 2x Long AMZN Daily ETF Company Profile

(Get Free Report)

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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