GraniteShares 1.5x Long DA Daily ETF — Company Overview, News & Financial Data
GraniteShares 2x Long NVDA Daily ETF aims to magnify NVIDIA Corporation's stock returns by 200% for experienced investors.
GraniteShares 1.5x Long DA Daily ETF
Company profile
About GraniteShares 1.5x Long DA Daily ETF
GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is a NASDAQ-listed ETF aiming to magnify daily returns of NVIDIA Corporation (NVDA) stock by 200%. It uses swaps to achieve this leverage, amplifying both potential gains and losses. This ETF caters to experienced investors for short-term strategies aligned with NVIDIA's price movements. However, the inherent volatility of leveraged products and potential decay of returns over time necessitate a high-risk tolerance.
Snapshot
2022Year founded
10Employees
New York, United StatesHead office
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Global footprint
Operations
All Locations
New York City, US
Products and/or services of GraniteShares 1.5x Long DA Daily ETF
- Provides leveraged exposure to the daily performance of the NVIDIA Corporation (NVDA) common stock.
- Aims to deliver twice the daily return of the NVIDIA stock price.
- Potential for Amplified Gains: If the price of NVIDIA stock increases, NVDL offers the potential for magnified returns compared to directly owning NVDA stock.
- Short-Term Investment Tool: Its focus is on daily returns, making it suitable for short-term investment strategies.
- Volatility Amplification: While NVDL targets amplifying gains, it also amplifies losses. A small decline in NVIDIA's price can result in a significant loss for NVDL holders.
- Not a Guaranteed Return: There's no guarantee that NVDL will outperform the underlying asset (NVIDIA stock) over time due to factors like expense ratios and compounding effects.
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