GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Shares Shorted: Short Interest Up 157.8% in September

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 216,485 shares, a growth of 157.8% from the September 15th total of 83,987 shares. Approximately 15.4% of the company’s shares are short sold. Based on an average daily volume of 164,332 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned approximately 2.25% of GraniteShares 2x Long AMZN Daily ETF as of its most recent filing with the Securities & Exchange Commission.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of GraniteShares 2x Long AMZN Daily ETF stock traded up $0.32 during trading on Tuesday, hitting $34.72. 78,755 shares of the company were exchanged, compared to its average volume of 221,338. The firm has a market capitalization of $48.96 million, a P/E ratio of -570.41 and a beta of 3.41. The firm’s fifty day moving average price is $34.59 and its 200 day moving average price is $33.93. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $22.21 and a 1-year high of $43.11.

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.