GraniteShares 2x Long AMZN Daily ETF (AMZZ)
GraniteShares 2x Long AMZN Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $37.31, down 3.49% on the session, giving a market capitalisation of $44.0M. Its beta of 3.29 implies it has historically moved more than the broad market.
This exchange-traded fund aims to deliver daily investment returns that are two times (200%) the daily percentage fluctuation of Amazon's common stock (NASDAQ: AMZN), prior to any fees and expenses. There is, however, no assurance that the fund will successfully achieve this stated target. Investors should not anticipate that this fund will provide twice the cumulative return of AMZN over periods extending beyond a single day.
GraniteShares 2x Long AMZN Daily ETF is most often compared with the following Financial Services names: