Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Decreases By 56.7%

by · The Markets Daily

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 78,548 shares, a decrease of 56.7% from the July 30th total of 181,407 shares. Based on an average trading volume of 122,513 shares, the short-interest ratio is currently 0.6 days. Currently, 6.2% of the shares of the company are sold short.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $912,000. Susquehanna International Group LLP purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $332,000. Prosperity Wealth Management Inc. acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at $763,000. Group One Trading LLC boosted its holdings in GraniteShares 2x Long AMZN Daily ETF by 412.6% in the third quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock valued at $329,000 after purchasing an additional 8,909 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth about $694,000.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

AMZZ stock traded up $2.67 during midday trading on Friday, reaching $36.83. The stock had a trading volume of 276,155 shares, compared to its average volume of 242,109. The firm has a fifty day simple moving average of $33.76 and a two-hundred day simple moving average of $32.09. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $22.21 and a 52-week high of $43.11. The stock has a market cap of $46.41 million, a PE ratio of -605.86 and a beta of 3.44.

About GraniteShares 2x Long AMZN Daily ETF

(Get Free Report)

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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