GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 78,548 shares, a decline of 56.7% from the July 30th total of 181,407 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 122,513 shares, the days-to-cover ratio is presently 0.6 days.
GraniteShares 2x Long AMZN Daily ETF Price Performance
AMZZ traded up $2.67 on Friday, hitting $36.83. 276,155 shares of the stock were exchanged, compared to its average volume of 242,109. The firm has a market capitalization of $46.41 million, a price-to-earnings ratio of -605.86 and a beta of 3.44. GraniteShares 2x Long AMZN Daily ETF has a 12 month low of $22.21 and a 12 month high of $43.11. The business has a 50-day moving average of $33.76 and a two-hundred day moving average of $32.09.
Institutional Trading of GraniteShares 2x Long AMZN Daily ETF
Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at approximately $694,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter valued at $67,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $763,000. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $332,000. Finally, Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter valued at $912,000.
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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