Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 65.5%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 13,200 shares, a decrease of 65.5% from the February 13th total of 38,300 shares. Based on an average daily trading volume, of 220,900 shares, the short-interest ratio is presently 0.1 days. Currently, 1.6% of the shares of the company are sold short.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

Several hedge funds have recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 4th quarter worth approximately $38,000. Jane Street Group LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth approximately $351,000. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $386,000. Finally, Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Long AMZN Daily ETF by 326.1% in the fourth quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock valued at $2,794,000 after acquiring an additional 61,874 shares during the period.

GraniteShares 2x Long AMZN Daily ETF Trading Up 4.0 %

AMZZ stock opened at $27.24 on Friday. GraniteShares 2x Long AMZN Daily ETF has a 12 month low of $17.51 and a 12 month high of $41.70. The company has a market cap of $22.61 million, a price-to-earnings ratio of -448.10 and a beta of 2.84. The firm has a 50-day moving average of $34.89 and a two-hundred day moving average of $31.39.

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.