GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Share Price Break Above Two Hundred Day Moving Average – What’s Next?

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $32.44 and traded as high as $32.81. GraniteShares 2x Long AMZN Daily ETF shares last traded at $32.46, with a volume of 53,540 shares trading hands.

GraniteShares 2x Long AMZN Daily ETF Stock Down 8.1%

The firm has a market cap of $42.08 million, a price-to-earnings ratio of -494.49 and a beta of 3.41. The firm has a 50 day moving average of $33.49 and a 200 day moving average of $32.42.

Hedge Funds Weigh In On GraniteShares 2x Long AMZN Daily ETF

An institutional investor recently bought a new stake in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. bought a new stake in GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned 2.25% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent reporting period.

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.