GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Update

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 91,300 shares, a growth of 109.4% from the March 31st total of 43,600 shares. Based on an average trading volume of 355,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.2% of the shares of the stock are sold short.

GraniteShares 2x Long AMZN Daily ETF Price Performance

NASDAQ AMZZ opened at $23.28 on Tuesday. The business has a fifty day moving average price of $25.66 and a two-hundred day moving average price of $31.04. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $17.51 and a fifty-two week high of $41.70. The stock has a market capitalization of $32.59 million, a PE ratio of -382.96 and a beta of 2.84.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth about $38,000. Optiver Holding B.V. raised its stake in GraniteShares 2x Long AMZN Daily ETF by 326.1% during the fourth 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 in the last quarter. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth about $351,000. Finally, IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the first quarter worth about $697,000.

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.