AMDL

GraniteShares 2x Long AMD Daily ETF

$21.52

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The GraniteShares 2x Long AMD Daily ETF (AMDL) seeks to provide 2x the daily return of the common stock of Advanced Micro Devices, Inc. (AMD).

Overview

ETF tracking GraniteShares 2x Long AMD Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-03-18

Market Cap $1.4B

Average Volume N/A

Dividend Yield N/A

52-Week Range $2.90 - $25.35

VWAP $21.36

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long AMD Daily ETF (AMDL) seeks to provide 2x the daily return of the common stock of Advanced Micro Devices, Inc. (AMD).

🎯 Investment Strategy

AMDL uses financial instruments such as swap agreements and futures contracts to provide leveraged exposure to the performance of AMD's stock. The fund rebalances daily to maintain its 2x leverage target.

✨ Key Features

Provides 2x the daily return of AMD's stock price
Utilizes derivatives to achieve leveraged exposure
Rebalances daily to maintain 2x leverage target
Designed for short-term, speculative trading

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the 2x target over longer holding periods
Exposure to counterparty risk from derivative instruments
Increased volatility compared to the underlying AMD stock

👤 Best For

AMDL is best suited for experienced, risk-tolerant investors seeking short-term, speculative exposure to AMD's stock performance. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily rebalancing.