GraniteShares 2x Long INTC Daily ETF (INTW)

Overview

The GraniteShares 2x Long INTC Daily ETF (INTL) seeks daily investment results, before fees and expenses, of 200% of the daily performance of the common stock of Intel Corporation. It provides leveraged exposure to Intel's stock performance, making it suitable for short-term trading strategies. The fund focuses solely on Intel, and its strategy is to magnify daily gains and losses.

Reputation and Reliability

GraniteShares is a known issuer of leveraged and inverse ETFs, with a focus on providing tools for sophisticated investors.

Management Expertise

GraniteShares' management team has experience in developing and managing specialized ETF products.

Goal

To seek daily investment results, before fees and expenses, of 200% of the daily performance of the common stock of Intel Corporation.

Investment Approach and Strategy

Strategy: The ETF uses financial instruments such as swap agreements to achieve its leveraged exposure to Intel's stock.

Composition The ETF's assets primarily consist of financial instruments designed to provide 2x leveraged exposure to Intel (INTC) stock.

Market Share: INTL's market share within the leveraged single-stock ETF segment focusing on Intel is substantial, given its focused mandate.

Total Net Assets (AUM): 26297714

Key Competitors

• Direxion Daily Semiconductor Bull 3x Shares (SOXL)
• ProShares Ultra Semiconductors (USD)
• GraniteShares 1x Short INTC Daily ETF (SINT)

Competitive Landscape

The leveraged ETF market is competitive. INTL distinguishes itself with its highly specific focus on Intel, which is advantageous for traders with strong convictions about INTC but also makes it riskier compared to diversified semiconductor ETFs like SOXL. SINT provides investors a way to bet against Intel.

Historical Performance: Historical performance data is highly volatile due to the 2x leverage and daily reset. Past performance is not indicative of future results.

Benchmark Comparison: The ETF's performance should be compared to 2x the daily performance of Intel (INTC) to assess tracking effectiveness.

Expense Ratio: 1.5

Average Trading Volume

The average trading volume varies, but it is generally sufficient for active traders, allowing for relatively easy entry and exit from positions.

Bid-Ask Spread

The bid-ask spread can be wider than non-leveraged ETFs, impacting trading costs and profitability.

Market Environment Factors

Intel's stock performance is heavily influenced by semiconductor industry trends, technological advancements, and overall market sentiment.

Growth Trajectory

The ETF's growth trajectory depends on the sustained interest in leveraged trading strategies centered around Intel and the overall market sentiment towards semiconductors.

Competitive Edge

INTL's advantage lies in providing a straightforward and highly leveraged tool for traders specifically targeting Intel's daily price movements. This specialization caters to investors with high conviction in Intel's short-term performance. However, this targeted approach also means that INTL lacks the diversification benefits of broader market or sector ETFs. The ETF is not designed for long-term investment due to the effects of compounding and daily resets, which can lead to significant deviations from the underlying asset's performance over extended periods.

Volatility

High volatility due to the 2x leverage, making it unsuitable for risk-averse investors. Daily resets also contribute to volatility.

Market Risk

Significant market risk tied to Intel's stock performance and the leveraged nature of the ETF, which can amplify both gains and losses.

Ideal Investor Profile

Active traders, sophisticated investors, and those with a high-risk tolerance who have a strong conviction about the short-term movements of Intel's stock are the ideal investors.

Market Risk

Best suited for active traders with a short-term investment horizon, not for long-term investors or those seeking passive index exposure.

The GraniteShares 2x Long INTC Daily ETF (INTL) is a leveraged ETF designed for active traders who want to amplify their daily exposure to Intel's stock. It offers a high-risk, high-reward investment opportunity, suitable for short-term tactical trading. Due to the effects of compounding and daily resets, it's not intended for long-term holdings. INTL is best suited for those with a high-risk tolerance and a deep understanding of Intel's stock dynamics.

Data Sources:

• GraniteShares official website
• ETF.com
• Morningstar
• Yahoo Finance

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in leveraged ETFs involves significant risks, including the potential for substantial losses.