Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Increases By 794.7%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 118,100 shares, a growth of 794.7% from the February 28th total of 13,200 shares. Currently, 8.5% of the company’s shares are short sold. Based on an average daily volume of 241,100 shares, the days-to-cover ratio is currently 0.5 days.

GraniteShares 2x Long AMZN Daily ETF Trading Down 4.5 %

AMZZ stock traded down $1.31 during mid-day trading on Wednesday, reaching $27.98. 275,584 shares of the stock traded hands, compared to its average volume of 265,935. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.51 and a 52-week high of $41.70. The stock’s fifty day moving average is $33.78 and its 200-day moving average is $31.71. The company has a market cap of $38.89 million, a P/E ratio of -460.27 and a beta of 2.84.

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

Hedge funds have recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at $38,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter valued at $351,000. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth about $386,000. Finally, Optiver Holding B.V. boosted its position in GraniteShares 2x Long AMZN Daily ETF by 326.1% during the 4th quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock worth $2,794,000 after acquiring an additional 61,874 shares during the period.

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.