GraniteShares 2x Long AMD Daily ETF (AMDL)

Overview

The GraniteShares 2x Long AMD Daily ETF (AMD) is a leveraged exchange-traded fund designed to deliver twice the daily performance of Advanced Micro Devices (AMD) stock. It targets investors seeking amplified short-term gains linked to AMD's stock price movements and is concentrated in a single equity holding.

Reputation and Reliability

GraniteShares is a relatively new issuer but focuses on providing leveraged and inverse ETFs, and is generally considered reliable in delivering on its stated objectives, but is subject to risks inherent in leveraged strategies.

Management Expertise

GraniteShares has a team with expertise in managing and structuring leveraged and inverse ETFs, requiring specialized knowledge of derivatives and market dynamics.

Goal

The primary goal of AMD is to provide 2x the daily investment results of the common stock of Advanced Micro Devices (AMD), before fees and expenses.

Investment Approach and Strategy

Strategy: The ETF employs a leveraged strategy using financial instruments such as swaps to achieve 2x the daily return of AMD stock. It is not designed for long-term holding.

Composition The ETF's assets consist primarily of financial instruments, including swap agreements, designed to provide leveraged exposure to AMD stock. It may also hold cash.

Market Share: The market share cannot be determined due to the unique leveraged nature of the ETF and lack of direct competitors with the exact same exposure to AMD.

Total Net Assets (AUM): 61460000

Key Competitors

• SMH
• SOXX
• XSD
• TQQQ

Competitive Landscape

The competitive landscape consists of other semiconductor ETFs and leveraged ETFs. AMD is unique in offering specifically 2x leveraged exposure to AMD. Competitors offer broader semiconductor exposure or different leverage factors. AMD offers a targeted, high-risk/high-reward strategy compared to diversified or less-leveraged options. The market share data unavailable due to the specific nature of leveraged single-stock ETFs.

Historical Performance: Historical performance is highly dependent on AMD stock performance and should be viewed with caution due to the leveraged nature. Data is unavailable.

Benchmark Comparison: The ETF's performance should ideally be compared to 2x the daily performance of AMD stock. Data is unavailable.

Expense Ratio: 0.99

Average Trading Volume

AMD exhibits moderate liquidity with an average trading volume that fluctuates based on market interest in AMD and leveraged products.

Bid-Ask Spread

The bid-ask spread can vary, but is generally moderate, reflecting the demand and supply dynamics of leveraged single-stock ETFs.

Market Environment Factors

Economic indicators, semiconductor industry growth, and AMD's specific business performance influence the ETF's price. News and announcements directly impacting AMD's business play a significant role.

Growth Trajectory

The ETF's growth trajectory is linked to the adoption of leveraged ETFs and investor sentiment towards AMD. Changes include adjustments to its portfolio holdings to maintain the 2x leverage.

Competitive Edge

AMD's primary advantage is its specific focus on delivering 2x leveraged exposure to AMD stock, catering to investors with high conviction in AMD's short-term prospects. It distinguishes itself from broader semiconductor ETFs and offers a targeted tool for expressing a bullish view on AMD. This niche focus provides a unique offering, attracting traders seeking amplified returns. However, this advantage is accompanied by higher risk due to the leverage and concentration.

Volatility

AMD exhibits high volatility due to the 2x leverage, magnifying both gains and losses compared to AMD stock. It's inherently riskier than non-leveraged investments.

Market Risk

The ETF is exposed to the market risk of AMD stock, including company-specific risks and broader market fluctuations. Leveraged strategies increase the potential for significant losses, especially during periods of market downturn.

Ideal Investor Profile

The ideal investor is an experienced trader with a high-risk tolerance and a short-term investment horizon. They should be knowledgeable about leveraged ETFs and have a strong understanding of AMD's business and the semiconductor industry.

Market Risk

AMD is best suited for active traders who seek short-term, amplified gains and are comfortable with substantial risk. It is not appropriate for long-term investors or passive index followers.

The GraniteShares 2x Long AMD Daily ETF is a leveraged product designed to provide twice the daily return of AMD stock, appealing to high-risk, short-term traders. Its performance is closely tied to AMD's stock movements, amplifying both gains and losses. The ETF is not suitable for long-term investment due to its inherent volatility and leveraged structure. Investors should carefully consider their risk tolerance and investment goals before investing, understanding the magnified impact of AMD's performance on the ETF's value.

Data Sources:

• GraniteShares Official Website
• ETF.com
• Bloomberg
• Morningstar

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own due diligence and consultation with a qualified financial advisor. Leveraged ETFs are high-risk investments and may not be suitable for all investors.