GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ) Shares Break Above 200-Day Moving Average – Time to Sell?

Posted by Tyrone Williams on Nov 5th, 2026

GraniteShares 2x Long AMZN Daily ETF (NASDAQ:AMZZ – Get Free Report)’s share price crossed 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.

GraniteShares 2x Long AMZN Daily ETF Stock Up 12.0%

The company has a market capitalization of $51.90 million, a PE ratio of -584.80 and a beta of 3.43. The firm has a 50-day moving average of $33.06 and a two-hundred day moving average of $32.35.

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

Institutional investors have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in shares of GraniteShares 2x Long AMZN Daily ETF in the 3rd quarter valued at $38,000. StoneX Group Inc. purchased a new stake in GraniteShares 2x Long AMZN Daily ETF during the third quarter worth $212,000. Finally, Optiver Holding B.V. acquired a new stake in GraniteShares 2x Long AMZN Daily ETF during the first quarter valued at $912,000.

GraniteShares 2x Long AMZN Daily ETF Company Profile

(Get Free Report)

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.