GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report)’s stock price were up 3.1% during mid-day trading on Monday . The company traded as high as $36.06 and last traded at $35.78. Approximately 92,402 shares traded hands during mid-day 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 Performance
The company has a 50 day moving average price of $33.51 and a 200 day moving average price of $31.92. The company has a market capitalization of $45.08 million, a price-to-earnings ratio of -588.58 and a beta of 3.44.
Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth approximately $912,000. Susquehanna International Group LLP bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $332,000. Prosperity Wealth Management Inc. purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $763,000. Group One Trading LLC raised its position in GraniteShares 2x Long AMZN Daily ETF by 412.6% in the 3rd quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock valued at $329,000 after buying an additional 8,909 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new position in GraniteShares 2x Long AMZN Daily ETF during the 1st quarter valued at $694,000.
GraniteShares 2x Long AMZN Daily ETF Company Profile
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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