GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report)’s stock price shot up 0.8% during mid-day trading on Tuesday . The stock traded as high as $25.82 and last traded at $25.75. 152,008 shares were traded during trading, a decline of 54% from the average session volume of 328,837 shares. The stock had previously closed at $25.55.
GraniteShares 2x Long AMZN Daily ETF Price Performance
The company has a 50-day simple moving average of $25.98 and a 200-day simple moving average of $29.76. The firm has a market cap of $44.81 million, a PE ratio of -423.59 and a beta of 2.63.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of AMZZ. NewEdge Advisors LLC purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at approximately $694,000. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the second quarter valued at approximately $67,000. Hollencrest Capital Management purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the second quarter valued at approximately $62,000. Optiver Holding B.V. boosted its position 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 buying an additional 7,868 shares during the period. Finally, Prosperity Wealth Management Inc. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at approximately $763,000.
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.
Further Reading
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