GraniteShares 2x Long Amazon Daily ETF (AMZZ)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
AMZZ Chart
Best-Performing Leveraged ETFs of Last Week
Wall Street offered downbeat performance last week probably due to uncertainties related to the upcoming U.S. election, mixed tech earnings and downbeat jobs data.
GraniteShares 2x Long Amazon Daily ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Elliot Kallen Prosperity Wealth Management, Inc. | 25,445 | $756,989 | $793,884 | $36,895 | 4.87% |
GraniteShares 2x Long Amazon Daily ETF (AMZZ) FAQ
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GraniteShares 2x Long Amazon Daily ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund in discussion is an actively managed exchange traded fund (ETF) that focuses on delivering twice (200%) the daily performance of its targeted underlying stock. This is achieved through entering into swap agreements related to the stock in question. The primary objective is to mirror 2 times the daily percentage movement of the underlying asset exclusively for a single trading day. It is important to note that the fund adopts a non-diversified strategy, placing significant emphasis on the performance of a single underlying stock rather than spreading its investments across multiple securities.
Products and Services
- Actively Managed Exchange Traded Fund
- Leverage through Swap Agreements
- Non-Diversified Fund Strategy
This product refers to the fund itself, which is an exchange traded fund (ETF) that seeks to actively manage its investment portfolio. Unlike passive ETFs, which aim to replicate the performance of a specific index, this fund actively makes investment decisions with the goal of achieving 200% of the daily performance of a designated underlying stock through the use of financial derivatives like swap agreements.
One of the key strategies employed by the fund to achieve its goal is entering into swap agreements on the underlying stock. Swap agreements are a type of financial derivative that allows the fund to gain exposure to the price movements of the underlying stock without actually owning it. This is instrumental in the fund's ability to attempt to replicate twice the daily percentage change of the stock, aiming for a leveraged outcome.
As a non-diversified fund, this investment vehicle focuses its assets on a single underlying asset or a small group of assets, rather than spreading its investments across a wide array of securities. This approach implies a higher risk and reward potential, given that the fund's performance is tightly linked to the performance of the selected underlying stock. Investors in this fund are exposed to higher volatility and specific risks associated with the underlying stock.
