GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Update

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 41,634 shares, a decrease of 61.4% from the May 14th total of 107,781 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 143,372 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at about $912,000. NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at about $694,000. Prosperity Wealth Management Inc. purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at about $763,000. Susquehanna International Group LLP purchased a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at about $332,000. Finally, Group One Trading LLC lifted its holdings in GraniteShares 2x Long AMZN Daily ETF by 412.6% in the 3rd quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock valued at $329,000 after purchasing an additional 8,909 shares in the last quarter.

GraniteShares 2x Long AMZN Daily ETF Price Performance

NASDAQ:AMZZ traded down $0.79 on Friday, reaching $31.20. The stock had a trading volume of 196,553 shares, compared to its average volume of 278,848. The company has a market cap of $51.79 million, a price-to-earnings ratio of -513.24 and a beta of 3.44. The firm’s fifty day moving average is $35.91 and its two-hundred day moving average is $31.48. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $22.21 and a 12-month high of $43.11.

About GraniteShares 2x Long AMZN Daily ETF

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.