GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 41,634 shares, a decrease of 61.4% from the May 14th total of 107,781 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 143,372 shares, the days-to-cover ratio is presently 0.3 days.
GraniteShares 2x Long AMZN Daily ETF Trading Down 2.5%
AMZZ stock traded down $0.79 during trading on Friday, reaching $31.20. The stock had a trading volume of 196,553 shares, compared to its average volume of 278,848. GraniteShares 2x Long AMZN Daily ETF has a 52 week low of $22.21 and a 52 week high of $43.11. The stock’s 50 day moving average is $35.91 and its two-hundred day moving average is $31.48. The firm has a market cap of $51.79 million, a PE ratio of -513.24 and a beta of 3.44.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of AMZZ. Group One Trading LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF in the second quarter valued at about $67,000. Optiver Holding B.V. lifted its holdings in GraniteShares 2x Long AMZN Daily ETF by 1,269.0% in the third quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock valued at $253,000 after acquiring an additional 7,868 shares during the period. Susquehanna International Group LLP bought a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at about $332,000. NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at about $694,000. Finally, Prosperity Wealth Management Inc. bought a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at about $763,000.
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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