GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 794.7% in March

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 118,100 shares, a growth of 794.7% from the February 28th total of 13,200 shares. Currently, 8.5% of the company’s stock are short sold. Based on an average daily volume of 241,100 shares, the short-interest ratio is presently 0.5 days.

GraniteShares 2x Long AMZN Daily ETF Stock Down 4.5 %

Shares of AMZZ stock traded down $1.31 during trading on Wednesday, reaching $27.98. The company’s stock had a trading volume of 275,584 shares, compared to its average volume of 265,935. GraniteShares 2x Long AMZN Daily ETF has a one year low of $17.51 and a one year high of $41.70. The business has a fifty day moving average price of $33.78 and a 200-day moving average price of $31.71. The company has a market cap of $38.89 million, a price-to-earnings ratio of -460.27 and a beta of 2.84.

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

Hedge funds have recently modified their holdings of the stock. Spire Wealth Management bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the fourth quarter worth about $38,000. Jane Street Group LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 4th quarter valued at approximately $351,000. Flow Traders U.S. LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at approximately $386,000. Finally, Optiver Holding B.V. increased its holdings in 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 buying an additional 61,874 shares during the last quarter.

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.