GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Down 32.5% in November

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 39,300 shares, a decrease of 32.5% from the October 31st total of 58,200 shares. Based on an average daily volume of 133,100 shares, the short-interest ratio is presently 0.3 days.

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. Hollencrest Capital Management bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned approximately 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent filing with the SEC.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of AMZZ traded up $0.62 during midday trading on Friday, reaching $31.42. The stock had a trading volume of 60,188 shares, compared to its average volume of 112,558. The company’s fifty day simple moving average is $28.09 and its two-hundred day simple moving average is $26.78. The company has a market cap of $28.91 million, a price-to-earnings ratio of -516.86 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $17.51 and a 1-year high of $34.12.

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.