PDDL

📎 Investment Objective

The GraniteShares 2x Long PDD Daily ETF (PDDL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the PDD Holdings Inc. (PDD) stock.

✨ Key Features

• Provides 2x daily leveraged exposure to the PDD stock
• Utilizes swaps, futures, and other derivatives to achieve its objective
• Resets daily, so longer-term returns may differ from 2x the underlying
• Relatively low assets under management and expense ratio

⚠️ Primary Risks

• Leveraged funds can experience significant volatility and losses, especially over longer holding periods
• Derivative instruments used to achieve leverage carry additional risks, such as counterparty risk
• Tracking error may occur, and the fund's returns may not match 2x the daily returns of the PDD stock
• Lack of long-term performance history makes it difficult to evaluate the fund's long-term viability

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to the PDD stock. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.