GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Trading 2.5% Higher – What’s Next?

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) rose 2.5% on Thursday . The company traded as high as $33.00 and last traded at $32.95. Approximately 126,469 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 267,214 shares. The stock had previously closed at $32.14.

GraniteShares 2x Long AMZN Daily ETF Stock Down 1.4%

The firm has a market capitalization of $46.80 million, a price-to-earnings ratio of -534.63 and a beta of 3.57. The company has a fifty day moving average price of $35.33 and a two-hundred day moving average price of $31.53.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

A number of large investors have recently bought and sold shares of the business. Optiver Holding B.V. acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at $912,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth about $694,000. Prosperity Wealth Management Inc. acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at about $763,000. Susquehanna International Group LLP acquired a new position in GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at about $332,000. Finally, Group One Trading LLC raised its stake in GraniteShares 2x Long AMZN Daily ETF by 412.6% during the 3rd quarter. Group One Trading LLC now owns 11,068 shares of the company’s stock valued at $329,000 after acquiring an additional 8,909 shares during 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.