GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report) rose 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 Trading Down 1.4%
The company has a market cap of $65.40 million, a PE ratio of -648.13 and a beta of 3.59. The firm’s fifty day moving average is $32.51 and its 200 day moving average is $31.28.
Institutional Investors Weigh In On 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 purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth $694,000. Prosperity Wealth Management Inc. purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $763,000. Susquehanna International Group LLP purchased a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $332,000. Group One Trading LLC grew its holdings in shares of GraniteShares 2x Long AMZN Daily ETF by 412.6% during the third quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock worth $329,000 after buying an additional 8,909 shares in the last quarter. Finally, Optiver Holding B.V. grew 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 worth $253,000 after buying an additional 7,868 shares in the last quarter.
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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