Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 61.4%
by Kim Johansen · The Markets DailyGraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 41,634 shares, a decline of 61.4% from the May 14th total of 107,781 shares. Based on an average daily volume of 143,372 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.5% of the company’s stock are sold short.
Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF
Institutional investors have recently made changes to their positions in the stock. Group One Trading LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth $67,000. Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Long AMZN Daily ETF by 1,269.0% in the 3rd quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock valued at $253,000 after acquiring an additional 7,868 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $332,000. Prosperity Wealth Management Inc. bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $763,000. Finally, NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $694,000.
GraniteShares 2x Long AMZN Daily ETF Price Performance
Shares of GraniteShares 2x Long AMZN Daily ETF stock traded down $1.39 during trading on Friday, hitting $30.60. The stock had a trading volume of 187,251 shares, compared to its average volume of 278,716. The firm has a market cap of $50.80 million, a P/E ratio of -503.37 and a beta of 3.44. The business has a fifty day moving average of $35.79 and a two-hundred day moving average of $31.48. GraniteShares 2x Long AMZN Daily ETF has a fifty-two week low of $22.21 and a fifty-two week high of $43.11.
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.