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

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 16,900 shares, a drop of 57.0% from the November 15th total of 39,300 shares. Based on an average daily volume of 142,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,861 shares of the company’s stock, valued at approximately $386,000. Flow Traders U.S. LLC owned 1.62% of GraniteShares 2x Long AMZN Daily ETF as of its most recent SEC filing.

GraniteShares 2x Long AMZN Daily ETF Price Performance

GraniteShares 2x Long AMZN Daily ETF stock traded down $0.53 during trading hours on Friday, hitting $37.40. The company had a trading volume of 164,032 shares, compared to its average volume of 114,860. The firm has a market cap of $34.41 million, a PE ratio of -623.95 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a one year low of $17.51 and a one year high of $38.65. The firm has a 50-day moving average of $29.74 and a 200 day moving average of $27.33.

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.