GraniteShares 2x Long AMZN Daily ETF

Frequently Asked Questions About AMZZ

What does AMZZ invest in?

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.

What is the expense ratio of AMZZ?

GraniteShares 2x Long AMZN Daily ETF (AMZZ) charges an expense ratio of 1.21%. This is the annual fee deducted from fund assets to cover management and operations.

Is AMZZ a good long-term hold?

AMZZ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AMZZ's daily reset work?

AMZZ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AMZZ?

GraniteShares 2x Long AMZN Daily ETF (AMZZ) manages $44.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMZZ actively managed or an index fund?

AMZZ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.