Short Interest in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Rises By 9.7%

Posted by Donna Armstrong on Feb 16th, 2025

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 38,500 shares, a growth of 9.7% from the January 15th total of 35,100 shares. Based on an average trading volume of 171,800 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at $38,000. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at $26,000. Flow Traders U.S. LLC bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter valued at $386,000. Jane Street Group LLC bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 4th quarter valued at $351,000. Finally, Optiver Holding B.V. raised its position in shares of GraniteShares 2x Long AMZN Daily ETF by 326.1% during the 4th quarter. Optiver Holding B.V. now owns 80,848 shares of the company’s stock valued at $2,794,000 after purchasing an additional 61,874 shares during the period.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

Shares of GraniteShares 2x Long AMZN Daily ETF stock traded down $0.58 on Friday, hitting $36.87. 206,117 shares of the company’s stock were exchanged, compared to its average volume of 202,021. The company has a 50-day simple moving average of $37.25 and a 200-day simple moving average of $30.36. The stock has a market capitalization of $30.60 million, a PE ratio of -606.51 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 $41.70.

GraniteShares 2x Long AMZN Daily ETF Company Profile

(Get Free Report)

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.