GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Short Interest Down 32.5% in November

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 39,300 shares, a drop of 32.5% from the October 31st total of 58,200 shares. Based on an average trading volume of 133,100 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Long AMZN Daily ETF Stock Up 2.0 %

AMZZ traded up $0.62 on Friday, reaching $31.42. The company had a trading volume of 60,188 shares, compared to its average volume of 112,558. The stock has a 50-day moving average price of $28.09 and a 200-day moving average price of $26.78. The stock has a market capitalization of $28.91 million, a PE ratio of -516.86 and a beta of 2.84. GraniteShares 2x Long AMZN Daily ETF has a 1 year low of $17.51 and a 1 year high of $34.12.

Institutional Trading of 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 bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $26,000. Hollencrest Capital Management owned 0.11% of GraniteShares 2x Long AMZN Daily ETF as of its most recent filing with the Securities and Exchange Commission (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.