GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $32.35 and traded as high as $36.87. GraniteShares 2x Long AMZN Daily ETF shares last traded at $35.55, with a volume of 374,910 shares changing hands.

GraniteShares 2x Long AMZN Daily ETF Stock Performance

The company’s fifty day moving average is $33.06 and its two-hundred day moving average is $32.35. The company has a market cap of $51.90 million, a price-to-earnings ratio of -584.80 and a beta of 3.43.

Institutional Trading of GraniteShares 2x Long AMZN Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Simplex Trading LLC acquired a new position in GraniteShares 2x Long AMZN Daily ETF during the third quarter valued at $38,000. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the third quarter valued at $212,000. Finally, Optiver Holding B.V. purchased a new stake in GraniteShares 2x Long AMZN Daily ETF in the first quarter valued at $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.