GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 5.9% in December

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 17,900 shares, a growth of 5.9% from the November 30th total of 16,900 shares. Based on an average daily trading volume, of 143,900 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Long AMZN Daily ETF Price Performance

GraniteShares 2x Long AMZN Daily ETF stock opened at $34.56 on Thursday. GraniteShares 2x Long AMZN Daily ETF has a 12-month low of $17.51 and a 12-month high of $39.20. The stock has a market capitalization of $31.80 million, a PE ratio of -568.51 and a beta of 2.84. The firm has a 50 day simple moving average of $32.53 and a 200-day simple moving average of $28.27.

Institutional Investors 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. Hollencrest Capital Management acquired a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned approximately 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent filing with the SEC.

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.