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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large growth in short interest in the month of 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 days-to-cover ratio is presently 0.2 days.

GraniteShares 2x Long AMZN Daily ETF Price Performance

GraniteShares 2x Long AMZN Daily ETF stock traded up $1.24 during trading hours on Friday, reaching $35.97. The stock had a trading volume of 46,609 shares, compared to its average volume of 97,326. The company has a market cap of $31.29 million, a price-to-earnings ratio of -591.71 and a beta of 2.84. The business’s 50 day moving average price is $34.27 and its 200-day moving average price is $28.86. GraniteShares 2x Long AMZN Daily ETF has a 52 week low of $17.51 and a 52 week high of $39.20.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,861 shares of the company’s stock, valued at approximately $386,000. Flow Traders U.S. LLC owned about 1.62% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

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.