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

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

GraniteShares 2x Long AMZN Daily ETF Trading Down 0.4 %

AMZZ stock traded down $0.12 during trading on Tuesday, reaching $31.29. 154,387 shares of the stock were exchanged, compared to its average volume of 108,006. The firm has a market capitalization of $28.79 million, a price-to-earnings ratio of -516.70 and a beta of 2.84. The business has a 50 day moving average price of $26.51 and a 200-day moving average price of $26.45. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $17.51 and a 1 year high of $33.05.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned 0.11% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent 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.