GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Up 25.0% in September

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 1,000 shares, an increase of 25.0% from the August 31st total of 800 shares. Based on an average daily volume of 137,000 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 2x Long AMZN Daily ETF Price Performance

Shares of GraniteShares 2x Long AMZN Daily ETF stock opened at $26.41 on Friday. The business has a 50-day moving average price of $24.43. The stock has a market capitalization of $25.35 million, a PE ratio of -434.45 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.51 and a 52-week high of $31.79.

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. 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 filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

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.