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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 258,066 shares, a growth of 482.7% from the June 15th total of 44,285 shares. Based on an average trading volume of 213,004 shares, the short-interest ratio is currently 1.2 days. Approximately 17.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the second quarter worth $67,000. Susquehanna International Group LLP purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $332,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at $763,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at $694,000. Finally, Optiver Holding B.V. purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at $912,000.

GraniteShares 2x Long AMZN Daily ETF Trading Down 1.4%

NASDAQ AMZZ traded down $0.45 during trading hours on Friday, reaching $32.50. The company had a trading volume of 90,910 shares, compared to its average volume of 265,862. The stock has a 50-day moving average of $35.33 and a 200 day moving average of $31.53. GraniteShares 2x Long AMZN Daily ETF has a 1-year low of $22.21 and a 1-year high of $43.11. The stock has a market capitalization of $46.80 million, a P/E ratio of -534.63 and a beta of 3.57.

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.