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GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF (AAPB)



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Upturn Advisory Summary
03/27/2025: AAPB (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 36.03% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 136519 | Beta - | 52 Weeks Range 15.91 - 36.48 | Updated Date 03/27/2025 |
52 Weeks Range 15.91 - 36.48 | Updated Date 03/27/2025 |
Upturn AI SWOT
GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF
ETF Overview
Overview
The GraniteShares 2x Long Tilray Daily ETF (TIL) is a leveraged exchange-traded fund designed to provide two times the daily performance of the common stock of Tilray Brands, Inc. (TLRY). It targets investors seeking amplified exposure to the daily price movements of Tilray, a company in the cannabis industry. It's important to note that due to its leveraged nature, it is designed for short-term investment horizons.
Reputation and Reliability
GraniteShares is a smaller ETF issuer. While they offer niche leveraged and inverse products, their reputation is built on providing these specific types of strategies, requiring investors to fully understand the associated risks.
Management Expertise
The management team at GraniteShares specializes in creating and managing leveraged and inverse ETFs, possessing expertise in structured products and risk management specific to these instruments.
Investment Objective
Goal
The investment objective is to seek daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the common stock of Tilray Brands, Inc. (TLRY).
Investment Approach and Strategy
Strategy: The ETF employs a leveraged strategy, aiming to magnify the daily returns of Tilray's stock. It does not track an index but rather targets a multiple of a single stock's daily performance.
Composition The ETF primarily holds financial instruments, likely derivatives such as swap agreements, designed to achieve the desired leverage relative to Tilray's stock. It's holdings largely comprise derivatives, not direct holdings of TLRY.
Market Position
Market Share: Data not publicly available regarding TIL's market share in the leveraged single-stock cannabis sector. It is a relatively unique product.
Total Net Assets (AUM): 14442255.0
Competitors
Key Competitors
- None
Competitive Landscape
The competitive landscape is limited, as TIL is a unique leveraged ETF tracking a single cannabis stock. Other ETFs may offer exposure to the cannabis sector, but none provide a direct, leveraged play on Tilray specifically. Its advantages are its focused and leveraged exposure; its disadvantages are the high risk and potential for rapid value erosion due to volatility and leverage decay.
Financial Performance
Historical Performance: Historical performance data is essential to understand the leveraged nature of the fund, but can be misleading if not analyzed correctly. Given its leveraged nature, returns are highly volatile and subject to daily compounding effects.
Benchmark Comparison: Direct benchmark comparison is not applicable since the ETF aims for 2x daily performance of Tilray, not tracking an index. Performance should be compared to 2x daily performance of TLRY.
Expense Ratio: 1.15
Liquidity
Average Trading Volume
The average trading volume of TIL can vary, but it typically reflects the interest in Tilray, and as a niche leveraged product it often experiences lower volume than broader market ETFs.
Bid-Ask Spread
Given its specialized nature, the bid-ask spread for TIL may be wider than more liquid ETFs, reflecting the increased risk and lower trading volume.
Market Dynamics
Market Environment Factors
The performance of TIL is heavily influenced by factors impacting Tilray, including cannabis industry regulations, market sentiment towards cannabis stocks, and overall market volatility.
Growth Trajectory
The growth trajectory of TIL is tied to the performance of Tilray and the broader cannabis market, as well as investor appetite for leveraged products. Changes to strategy or holdings will largely depend on GraniteShares' risk management approach.
Moat and Competitive Advantages
Competitive Edge
TIL's competitive edge lies in its unique offering: a leveraged play on a single cannabis stock. This provides a specific tool for investors with a strong, short-term bullish view on Tilray. Its leverage allows for amplified potential returns (and losses) compared to unleveraged cannabis ETFs. This appeals to traders seeking to capitalize on short-term price swings in TLRY. However, the risk of leverage decay and volatility are significant drawbacks.
Risk Analysis
Volatility
TIL is expected to exhibit high volatility due to its leveraged nature and the inherent volatility of cannabis stocks. Investors must be prepared for potentially large and rapid price swings.
Market Risk
The ETF is subject to significant market risk associated with Tilray and the cannabis industry, including regulatory changes, competition, and evolving market sentiment. Leverage amplifies these risks.
Investor Profile
Ideal Investor Profile
The ideal investor for TIL is a sophisticated, short-term trader with a high-risk tolerance and a strong understanding of leveraged ETFs and the cannabis industry. This fund is unsuitable for long-term investors or those with a low-risk tolerance.
Market Risk
TIL is suitable for active traders seeking short-term leveraged exposure to Tilray. It is not appropriate for long-term investors or passive index followers.
Summary
GraniteShares 2x Long Tilray Daily ETF (TIL) is a leveraged ETF designed to deliver twice the daily performance of Tilray Brands, Inc. (TLRY). It offers a high-risk, high-reward opportunity for sophisticated traders seeking short-term gains. Its leveraged nature makes it unsuitable for long-term investors or those with a low-risk tolerance. Its performance is highly dependent on the daily price movements of Tilray and the ETF is not designed to be held long term.
Similar Companies
- None
Sources and Disclaimers
Data Sources:
- GraniteShares ETF Trust Website
- Various financial data providers (e.g., Bloomberg, Reuters, Morningstar)
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investing in ETFs involves risk, including the potential loss of principal. Leveraged ETFs are inherently risky and are not suitable for all investors. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. It is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.