GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Stock Price Up 2.5% – Should You Buy?

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) were up 2.5% during trading on Thursday . The company traded as high as $33.00 and last traded at $32.95. 126,469 shares traded hands during 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 Performance

The company’s fifty day moving average price is $35.45 and its two-hundred day moving average price is $31.53. The firm has a market capitalization of $47.45 million, a PE ratio of -542.03 and a beta of 3.57.

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

A number of large investors have recently bought and sold shares of the stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 2nd quarter valued at $67,000. Susquehanna International Group LLP acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth $332,000. NewEdge Advisors LLC acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 1st quarter worth $694,000. Prosperity Wealth Management Inc. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF during the 3rd quarter worth $763,000. Finally, Optiver Holding B.V. purchased a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 1st quarter worth $912,000.

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.