GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Stock Price Down 0.4% – Should You Sell?

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) shares traded down 0.4% during trading on Wednesday . The company traded as low as $31.25 and last traded at $31.31. 207,209 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 341,823 shares. The stock had previously closed at $31.45.

GraniteShares 2x Long AMZN Daily ETF Price Performance

The business has a fifty day moving average of $31.57 and a 200 day moving average of $31.17. The stock has a market cap of $72.01 million, a PE ratio of -515.05 and a beta of 2.66.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

A number of hedge funds have recently made changes to their positions in AMZZ. Hollencrest Capital Management bought a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the second quarter worth $62,000. Group One Trading LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the 2nd quarter worth $67,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Long AMZN Daily ETF by 1,269.0% in the 3rd quarter. Optiver Holding B.V. now owns 8,488 shares of the company’s stock worth $253,000 after purchasing an additional 7,868 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at about $332,000. Finally, NewEdge Advisors LLC bought a new position in shares of GraniteShares 2x Long AMZN Daily ETF during the first quarter worth about $694,000.

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.