GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 78,548 shares, a decrease of 56.7% from the July 30th total of 181,407 shares. Approximately 6.2% of the company’s stock are sold short. Based on an average daily trading volume, of 122,513 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Trading of GraniteShares 2x Long AMZN Daily ETF
Several hedge funds and other institutional investors have recently made changes to their positions in AMZZ. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter valued at about $912,000. NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at approximately $694,000. Prosperity Wealth Management Inc. acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth approximately $763,000. Susquehanna International Group LLP acquired a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth approximately $332,000. Finally, Group One Trading LLC grew its position in GraniteShares 2x Long AMZN Daily ETF by 412.6% during the 3rd quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock worth $329,000 after purchasing an additional 8,909 shares during the last quarter.
GraniteShares 2x Long AMZN Daily ETF Stock Up 7.8%
Shares of GraniteShares 2x Long AMZN Daily ETF stock traded up $2.67 on Friday, reaching $36.83. The stock had a trading volume of 276,155 shares, compared to its average volume of 242,109. The company has a 50 day moving average price of $33.76 and a 200 day moving average price of $32.09. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $22.21 and a 1 year high of $43.11. The stock has a market capitalization of $46.41 million, a P/E ratio of -605.86 and a beta of 3.44.
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.
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