GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Stock Price Down 2.6% – What’s Next?

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) shares traded down 2.6% on Tuesday. The company traded as low as $33.15 and last traded at $33.53. 221,327 shares were traded during mid-day trading, a decline of 3% from the average session volume of 228,974 shares. The stock had previously closed at $34.43.

GraniteShares 2x Long AMZN Daily ETF Stock Up 0.3%

The company’s fifty day moving average price is $34.45 and its 200-day moving average price is $33.25. The stock has a market capitalization of $37.78 million, a PE ratio of -526.73 and a beta of 3.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in GraniteShares 2x Long AMZN Daily ETF stock. Optiver Holding B.V. acquired a new stake in shares of GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,277 shares of the company’s stock, valued at approximately $912,000. Optiver Holding B.V. owned about 2.25% of GraniteShares 2x Long AMZN Daily ETF at the end of the most recent quarter.

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.