SMCL

GraniteShares 2x Long SMCI Daily ETF

$7.48

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The GraniteShares 2x Long SMCI Daily ETF (SMCL) seeks to provide 2x the daily return of the S&P MidCap 400 Index, before fees and expenses.

Overview

ETF tracking GraniteShares 2x Long SMCI Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-12-12

Market Cap $38.8M

Average Volume N/A

Dividend Yield N/A

52-Week Range $6.97 - $46.15

VWAP $7.14

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long SMCI Daily ETF (SMCL) seeks to provide 2x the daily return of the S&P MidCap 400 Index, before fees and expenses.

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of the S&P MidCap 400 Index
Utilizes derivatives and leverage to magnify index performance
Resets exposure daily, not designed for long-term holding
Relatively low assets under management and expense ratio

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage magnifies both gains and losses
Potential for divergence from the underlying index over time
Not suitable for long-term buy-and-hold investors

👤 Best For

This ETF is best suited for experienced, sophisticated investors with a high risk tolerance who seek to make short-term, speculative trades on the performance of the S&P MidCap 400 Index. It is not recommended for long-term or buy-and-hold investment strategies.