GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 34,100 shares, adeclineof53.0% from the July 31st total of 72,500 shares. Based on an average daily trading volume, of 273,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 273,000 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of GraniteShares 2x Long AMZN Daily ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZZ. Hollencrest Capital Management purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter valued at about $62,000. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter valued at about $67,000. Jane Street Group LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at about $351,000. NewEdge Advisors LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at about $694,000. Finally, IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at about $697,000.
GraniteShares 2x Long AMZN Daily ETF Price Performance
AMZZ opened at $33.60 on Friday. The stock has a market capitalization of $48.72 million, a price-to-earnings ratio of -552.72 and a beta of 2.84. The business has a 50-day moving average of $32.27 and a two-hundred day moving average of $28.50. GraniteShares 2x Long AMZN Daily ETF has a 12 month low of $17.77 and a 12 month high of $41.70.
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.
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