NVDL

GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF

$93.94

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The GraniteShares 2x Long NVDA Daily ETF (NVDL) seeks to provide 2x the daily return of the NVIDIA Corporation (NVDA) stock.

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF

Category Leveraged

Issuer Other

Inception Date 2022-12-13

Market Cap $4.9B

Average Volume N/A

Dividend Yield N/A

52-Week Range $27.66 - $112.99

VWAP $91.13

Performance

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Investment Summary

📎 Investment Objective

The GraniteShares 2x Long NVDA Daily ETF (NVDL) seeks to provide 2x the daily return of the NVIDIA Corporation (NVDA) stock.

🎯 Investment Strategy

The ETF uses derivatives, such as swaps and futures contracts, to gain leveraged exposure to the performance of NVIDIA Corporation's stock. It aims to deliver twice the daily return of the underlying stock, before fees and expenses.

✨ Key Features

Provides 2x daily leveraged exposure to NVIDIA Corporation's stock performance
Utilizes derivatives to achieve the desired leverage
Resets daily, so longer-term returns may differ from 2x the underlying stock
Relatively low assets under management and new fund with limited track record

⚠️ Primary Risks

Leveraged funds can experience greater volatility and risk than the underlying asset
Potential for significant losses if the underlying stock declines in value
Compounding effect can lead to returns that differ from 2x the daily performance of the stock
Limited liquidity and trading volume compared to the underlying stock

👤 Best For

The GraniteShares 2x Long NVDA Daily ETF is best suited for experienced, risk-tolerant investors who have a short-term, speculative investment horizon and understand the risks associated with leveraged funds. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.