GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report)’s share price rose 3.1% during trading on Monday . The company traded as high as $36.06 and last traded at $35.78. 92,402 shares were traded during trading, a decline of 62% from the average session volume of 245,398 shares. The stock had previously closed at $34.72.
GraniteShares 2x Long AMZN Daily ETF Stock Up 3.1%
The stock has a market cap of $45.08 million, a price-to-earnings ratio of -588.58 and a beta of 3.44. The company has a 50 day simple moving average of $33.51 and a 200 day simple moving average of $31.92.
Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF
A number of institutional investors have recently added to or reduced their stakes in AMZZ. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter valued at $67,000. Susquehanna International Group LLP bought a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at about $332,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at about $763,000. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth approximately $694,000. Finally, Optiver Holding B.V. bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the first quarter worth $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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