GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $32.35 and traded as high as $36.87. GraniteShares 2x Long AMZN Daily ETF shares last traded at $35.55, with a volume of 374,910 shares.
GraniteShares 2x Long AMZN Daily ETF Stock Performance
The stock has a market capitalization of $49.09 million, a price-to-earnings ratio of -553.05 and a beta of 3.43. The company has a fifty day simple moving average of $33.03 and a two-hundred day simple moving average of $32.36.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AMZZ. Simplex Trading LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at approximately $38,000. StoneX Group Inc. bought a new position in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at approximately $212,000. Finally, Optiver Holding B.V. bought a new position in GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at approximately $912,000.
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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