GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Sees Large Decrease in Short Interest

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 16,800 shares, a decline of 26.6% from the September 30th total of 22,900 shares. Based on an average daily volume of 112,600 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Long AMZN Daily ETF Trading Up 1.6 %

Shares of NASDAQ AMZZ traded up $0.41 during trading hours on Friday, reaching $26.18. The stock had a trading volume of 102,957 shares, compared to its average volume of 99,275. The firm has a market cap of $24.35 million, a price-to-earnings ratio of -430.66 and a beta of 2.84. The business’s fifty day moving average price is $25.31 and its two-hundred day moving average price is $26.26. GraniteShares 2x Long AMZN Daily ETF has a 52-week low of $17.51 and a 52-week high of $31.79.

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.