Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 60.4%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 62,100 shares, a drop of 60.4% from the September 15th total of 156,900 shares. Based on an average daily volume of 335,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 335,300 shares, the days-to-cover ratio is currently 0.2 days.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

NASDAQ:AMZZ opened at $28.69 on Tuesday. GraniteShares 2x Long AMZN Daily ETF has a one year low of $17.77 and a one year high of $41.70. The stock has a market cap of $65.41 million, a PE ratio of -471.95 and a beta of 2.84. The stock has a 50 day moving average price of $31.59 and a 200 day moving average price of $29.15.

Institutional Investors Weigh In On GraniteShares 2x Long AMZN Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the first quarter worth $694,000. Group One Trading LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth $67,000. Finally, Hollencrest Capital Management acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the second quarter worth $62,000.

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.