GraniteShares 2x Long AMZN Daily ETF
AMZZ
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Mar 18, 2024
- Website
- graniteshares.com
- Similar Companies
- Business
- GraniteShares 2x Long AMZN Daily ETF (AMZZ) is an exchange-traded fund that provides 2x leveraged daily exposure to the share price of Amazon.com, Inc. (NASDAQ: AMZN). The ETF seeks to achieve its investment objective by investing in financial instruments, including swaps and futures contracts, that deliver twice the daily performance of AMZN stock, net of fees and expenses; it does not invest directly in Amazon shares. GraniteShares, the ETF's sponsor, offers a suite of leveraged and inverse single-stock ETFs targeting major technology and growth companies, such as those tracking Tesla (TSLA), Nvidia (NVDA), and Meta Platforms (META), alongside commodity and broad-market leveraged products. Founded in 2017 and headquartered in New York, GraniteShares operates primarily in the United States through listings on the Cboe BZX Exchange, serving retail and institutional investors seeking amplified short-term trading opportunities in equities. The firm targets sophisticated market participants aware of the risks associated with daily leverage resets, which can lead to compounding effects deviating from 2x long-term performance; geographic focus remains U.S.-centric with global exposure via underlying single-stock benchmarks. In recent developments, GraniteShares expanded its single-stock ETF lineup in 2024 with new 2x Long and 2x Short products, including launches tied to high-profile tech names amid surging demand for leveraged volatility trading; the firm also announced strategic partnerships with market makers to enhance liquidity and reduce tracking errors. No major acquisitions or funding rounds were reported in the past 1-2 years, though GraniteShares underwent a minor operational reorganization in 2023 to streamline its ETF issuance platform for faster product rollouts. These changes position the provider for growth in the competitive leveraged ETF segment, where assets under management for AMZZ and peers have grown significantly amid retail trading booms.