Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Drops By 94.4%

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, a decrease of 94.4% from the August 15th total of 14,300 shares. Based on an average daily trading volume, of 130,200 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 2x Long AMZN Daily ETF Stock Down 0.6 %

Shares of NASDAQ AMZZ traded down $0.17 during midday trading on Friday, hitting $26.13. 134,134 shares of the stock traded hands, compared to its average volume of 99,743. The stock has a 50-day moving average price of $24.86. The stock has a market capitalization of $25.08 million, a price-to-earnings ratio of -429.84 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 $31.79.

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

A hedge fund recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. IMC Chicago LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,092 shares of the company’s stock, valued at approximately $878,000. IMC Chicago LLC owned approximately 20.68% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long AMZN Daily ETF Company Profile

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.