GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 22,900 shares, a growth of 2,190.0% from the September 15th total of 1,000 shares. Based on an average daily volume of 126,700 shares, the days-to-cover ratio is presently 0.2 days.
GraniteShares 2x Long AMZN Daily ETF Stock Performance
GraniteShares 2x Long AMZN Daily ETF stock traded up $0.59 during trading hours on Friday, reaching $26.58. 86,774 shares of the company’s stock traded hands, compared to its average volume of 100,530. The firm’s 50 day moving average is $24.40 and its 200-day moving average is $26.32. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $31.79. The firm has a market capitalization of $25.52 million, a price-to-earnings ratio of -437.24 and a beta of 2.84.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. IMC Chicago LLC bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,092 shares of the company’s stock, valued at approximately $878,000. IMC Chicago LLC owned about 20.68% 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.
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