GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) were up 2.4% during trading on Thursday . The stock traded as high as $40.31 and last traded at $39.90. Approximately 137,879 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 299,155 shares. The stock had previously closed at $38.97.
GraniteShares 2x Long AMZN Daily ETF Stock Performance
The business’s 50 day moving average price is $32.24 and its two-hundred day moving average price is $31.22. The company has a market capitalization of $66.23 million, a price-to-earnings ratio of -656.36 and a beta of 3.59.
Institutional Trading of GraniteShares 2x Long AMZN Daily ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZZ. NewEdge Advisors LLC acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at approximately $694,000. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the second quarter valued at approximately $67,000. Optiver Holding B.V. raised its holdings in shares of GraniteShares 2x Long AMZN Daily ETF by 1,269.0% during the third quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock valued at $253,000 after acquiring an additional 7,868 shares during the period. Prosperity Wealth Management Inc. acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at approximately $763,000. Finally, Susquehanna International Group LLP acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at approximately $332,000.
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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