AMZZ

GraniteShares 2x Long AMZN Daily ETF

$33.05

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The GraniteShares 2x Long AMZN Daily ETF (AMZZ) seeks to provide 2x the daily return of the shares of Amazon.com, Inc. (AMZN).

Overview

ETF tracking GraniteShares 2x Long AMZN Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-03-18

Market Cap $52.2M

Average Volume N/A

Dividend Yield N/A

52-Week Range $18.60 - $41.59

VWAP $33.21

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long AMZN Daily ETF (AMZZ) seeks to provide 2x the daily return of the shares of Amazon.com, Inc. (AMZN).

🎯 Investment Strategy

The ETF uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying AMZN stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of Amazon.com, Inc. stock
Utilizes derivatives and leverage to magnify performance
Resets exposure daily, not designed for long-term holding
Very small asset size and limited trading history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the 2x target on a daily basis
Liquidity risk due to small asset size and trading volume
Risks associated with the use of derivatives and short positions

👤 Best For

This ETF is intended for experienced, risk-tolerant investors with a very short-term investment horizon who understand the risks of leveraged and inverse products. It is not suitable for long-term buy-and-hold investors.