TSLR

GraniteShares ETF Trust GraniteShares 2x Long TSLA Daily ETF

$26.70

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The GraniteShares 2x Long TSLA Daily ETF (TSLR) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Tesla, Inc. (TSLA).

Overview

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

Category Leveraged

Issuer Other

Inception Date 2023-08-22

Market Cap $287.6M

Average Volume N/A

Dividend Yield N/A

52-Week Range $10.76 - $62.57

VWAP $25.76

Performance

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Investment Summary

📎 Investment Objective

The GraniteShares 2x Long TSLA Daily ETF (TSLR) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Tesla, Inc. (TSLA).

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as swap agreements and futures contracts, to provide leveraged exposure to the performance of TSLA. The fund rebalances its portfolio on a daily basis to maintain the 2x leverage target.

✨ Key Features

Provides 2x the daily performance of Tesla, Inc. stock
Utilizes derivatives to achieve leveraged exposure
Rebalances portfolio daily to maintain 2x leverage target
Relatively new fund with no performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility compared to the underlying stock
Tracking error risk, as the fund may not perfectly match the 2x daily performance
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors who have a short-term, speculative investment horizon and are comfortable with the heightened risks associated with leveraged products. It is not recommended for long-term or conservative investors.