Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Expands By 40.8%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 25,200 shares, a growth of 40.8% from the December 15th total of 17,900 shares. Based on an average trading volume of 140,500 shares, the short-interest ratio is currently 0.2 days.

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. Flow Traders U.S. LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,861 shares of the company’s stock, valued at approximately $386,000. Flow Traders U.S. LLC owned 1.62% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AMZN Daily ETF Stock Up 3.6 %

AMZZ stock traded up $1.24 during mid-day trading on Friday, hitting $35.97. The company had a trading volume of 46,609 shares, compared to its average volume of 97,326. The company has a 50-day moving average price of $34.27 and a 200 day moving average price of $28.86. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $17.51 and a 12-month high of $39.20. The company has a market capitalization of $31.29 million, a price-to-earnings ratio of -591.71 and a beta of 2.84.

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.