Optiver Holding B.V. Takes $912,000 Position in GraniteShares 2x Long AMZN Daily ETF $AMZZ

Optiver Holding B.V. bought a new position in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) during the 1st quarter, Holdings Channel.com reports. The fund bought 37,277 shares of the company’s stock, valued at approximately $912,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZZ. NewEdge Advisors LLC purchased a new position in GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at $694,000. Group One Trading LLC bought a new stake in GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter valued at $67,000. Prosperity Wealth Management Inc. purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth $763,000. Finally, Susquehanna International Group LLP purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter worth $332,000.

GraniteShares 2x Long AMZN Daily ETF Stock Up 29.9%

AMZZ opened at $38.80 on Friday. The firm has a 50-day simple moving average of $32.93 and a two-hundred day simple moving average of $31.47. GraniteShares 2x Long AMZN Daily ETF has a 52 week low of $22.21 and a 52 week high of $43.11. The company has a market capitalization of $51.99 million, a PE ratio of -638.26 and a beta of 3.57.

GraniteShares 2x Long AMZN Daily ETF 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.