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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 105,665 shares, a decline of 51.2% from the September 30th total of 216,485 shares. Approximately 7.5% of the shares of the stock are sold short. Based on an average trading volume of 105,151 shares, the short-interest ratio is presently 1.0 days.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned approximately 2.25% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AMZN Daily ETF Stock Down 3.1%

AMZZ stock traded down $0.94 during mid-day trading on Friday, hitting $29.12. The company had a trading volume of 398,829 shares, compared to its average volume of 216,271. The company has a market capitalization of $40.77 million, a price-to-earnings ratio of -479.03 and a beta of 3.41. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $22.21 and a 12-month high of $43.11. The company has a 50-day moving average price of $33.23 and a 200 day moving average price of $32.36.

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.