GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Sees Large Decrease in Short Interest

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZGet Free Report) was the recipient of a large decrease in short interest in 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 trading volume, of 133,100 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Long AMZN Daily ETF Stock Up 2.0 %

AMZZ traded up $0.62 on Friday, hitting $31.42. The company had a trading volume of 60,187 shares, compared to its average volume of 112,558. The business’s fifty day simple moving average is $28.01 and its 200 day simple moving average is $26.75. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $17.51 and a 12-month high of $34.12. The company has a market cap of $28.91 million, a PE ratio of -506.66 and a beta of 2.84.

Hedge Funds 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. Flow Traders U.S. LLC purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,861 shares of the company’s stock, valued at approximately $386,000. Flow Traders U.S. LLC owned 1.62% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

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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