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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 16,900 shares, a decline of 57.0% from the November 15th total of 39,300 shares. Based on an average daily volume of 142,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds 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. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned about 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMZN Daily ETF Price Performance

NASDAQ AMZZ traded down $0.53 during mid-day trading on Friday, reaching $37.40. 164,032 shares of the stock were exchanged, compared to its average volume of 114,860. GraniteShares 2x Long AMZN Daily ETF has a one year low of $17.51 and a one year high of $38.65. The stock has a 50 day simple moving average of $29.74 and a 200-day simple moving average of $27.33. The stock has a market cap of $34.41 million, a P/E ratio of -623.95 and a beta of 2.84.

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.