GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 1,640.7% in July

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 47,000 shares, an increase of 1,640.7% from the July 15th total of 2,700 shares. Based on an average daily trading volume, of 125,100 shares, the short-interest ratio is presently 0.4 days.

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

An institutional investor recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,092 shares of the company’s stock, valued at approximately $878,000. IMC Chicago LLC owned about 20.68% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

GraniteShares 2x Long AMZN Daily ETF Stock Down 0.0 %

GraniteShares 2x Long AMZN Daily ETF stock traded down $0.01 during mid-day trading on Monday, reaching $21.35. 34,725 shares of the stock traded hands, compared to its average volume of 101,870. The firm has a market capitalization of $20.50 million, a PE ratio of -351.37 and a beta of 2.84. The firm’s 50-day simple moving average is $27.09. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $17.51 and a 12-month high of $31.79.

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.