GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 5.9% in December

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 17,900 shares, an increase of 5.9% from the November 30th total of 16,900 shares. Based on an average daily trading volume, of 143,900 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Long AMZN Daily ETF Trading Up 0.7 %

AMZZ stock opened at $34.79 on Friday. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $17.51 and a 1-year high of $39.20. The stock has a market cap of $32.01 million, a P/E ratio of -572.30 and a beta of 2.84. The stock’s fifty day simple moving average is $32.72 and its two-hundred day simple moving average is $28.32.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Flow Traders U.S. LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period.

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.