About GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF

GraniteShares 2x Long Tilray Daily ETF (NASDAQ:AAPB) offers investors double the daily performance of Tilray Inc., a prominent player in the cannabis industry. This ETF is tailored for traders seeking amplified returns based on Tilray's daily stock movements, providing leveraged exposure to the volatile cannabis market. Ideal for those with a bullish short-term outlook on Tilray, AAPB tracks Tilray's performance closely on a day-to-day basis, aiming to capitalize on its market dynamics and potential growth opportunities. GraniteShares 2x Long Tilray Daily ETF (AAPB) appeals to investors looking to leverage Tilray's potential gains with increased risk and reward characteristics.

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 ETF Trust - GraniteShares 2x Long Tilray Daily ETF

Targets Tilray Stock Price: AAPB tracks the daily price movement of Tilray's stock.
Double Leverage: It aims to deliver returns that are twice what Tilray's stock moves, amplifying gains (and losses).
Daily Reset: The leverage is reset each day, so gains or losses aren't compounded over time.
Derivative Use: AAPB uses swaps or other derivatives to achieve the leveraged exposure to Tilray.
Tracks Specific Index: It targets the Solactive Daily Leveraged 2x Long Tilray Index, which measures Tilray's price movement with double leverage.
Risk Amplification: AAPB offers magnified returns but also comes with significantly higher risk compared to directly owning Tilray stock.

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