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

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

GraniteShares 2x Long AMZN Daily ETF Stock Up 4.0 %

NASDAQ:AMZZ opened at $27.24 on Friday. The business’s 50-day moving average price is $34.89 and its 200 day moving average price is $31.39. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.51 and a 52-week high of $41.70. The firm has a market cap of $22.61 million, a P/E ratio of -448.10 and a beta of 2.84.

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

Several hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. boosted its holdings 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 purchasing an additional 61,874 shares during the period. Flow Traders U.S. LLC purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth approximately $386,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at $351,000. Finally, Spire Wealth Management purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at $38,000.

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.