GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 118,100 shares, a growth of 794.7% from the February 28th total of 13,200 shares. Approximately 8.5% of the company’s shares are sold short. Based on an average daily volume of 241,100 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long AMZN Daily ETF by 326.1% during the fourth quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock worth $2,794,000 after acquiring an additional 61,874 shares during the period. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth about $386,000. Jane Street Group LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at about $351,000. Finally, Spire Wealth Management acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at about $38,000.
GraniteShares 2x Long AMZN Daily ETF Trading Up 0.3 %
Shares of NASDAQ AMZZ opened at $28.05 on Friday. The stock has a market capitalization of $38.99 million, a PE ratio of -461.42 and a beta of 2.84. The stock has a fifty day simple moving average of $33.50 and a 200-day simple moving average of $31.66. GraniteShares 2x Long AMZN Daily ETF has a twelve month low of $17.51 and a twelve month high of $41.70.
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.
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