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

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

GraniteShares 2x Long AMZN Daily ETF Price Performance

NASDAQ AMZZ traded up $1.50 during trading hours on Wednesday, hitting $35.41. The company had a trading volume of 19,476 shares, compared to its average volume of 93,143. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $39.20. The company has a market capitalization of $30.81 million, a price-to-earnings ratio of -582.50 and a beta of 2.84. The firm’s 50 day moving average is $34.14 and its 200 day moving average is $28.77.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Flow Traders U.S. LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 reporting period.

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.