GraniteShares 1.5x Long NVDA Daily ETF (NVDL)

Overview

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) seeks to provide 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corporation (NVDA). It is designed for short-term trading and not intended for long-term investment. It falls under the leveraged equity ETF category.

Reputation and Reliability

GraniteShares is a relatively new issuer specializing in leveraged and inverse ETFs. Their reputation is still developing, but they are known for providing targeted exposure to specific stocks.

Management Expertise

GraniteShares has a team with expertise in financial engineering and ETF management. They focus on creating specialized products for sophisticated investors.

Goal

To provide daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corporation.

Investment Approach and Strategy

Strategy: The ETF employs a leveraged strategy, aiming to amplify the daily returns of NVIDIA stock. It uses financial instruments such as swaps to achieve its target leverage.

Composition The ETF primarily holds financial instruments (swaps) designed to replicate 1.5x the daily performance of NVIDIA. It does not directly hold NVIDIA shares.

Market Share: NVDL's market share within the leveraged single-stock ETF space is relatively small but growing as interest in leveraged NVDA exposure increases.

Total Net Assets (AUM): 369700000

Key Competitors

• Direxion Daily NVDA Bull 1.5X Shares (NVDU)
• T-Rex 2X Long NVIDIA Daily Target ETF (NVDX)
• 2x Bitcoin Strategy ETF (BITU)

Competitive Landscape

The leveraged single-stock ETF market is highly competitive. NVDL's advantage lies in its focused exposure and brand recognition within its target audience. Disadvantages include higher risk due to leverage and potential tracking error. NVDU has a longer track record. NVDX offers 2x leverage.

Historical Performance: Highly volatile due to its leveraged nature and dependence on a single stock (NVDA). Past performance is not indicative of future results. Detailed performance data would require specific date ranges, which are not provided, so cannot be displayed here.

Benchmark Comparison: Since it aims to provide 1.5x the *daily* performance of NVDA, the most relevant benchmark is 1.5x NVDA's daily performance. Long-term performance will deviate significantly due to the effects of compounding.

Expense Ratio: 1.15

Average Trading Volume

The ETF exhibits relatively high average trading volume, suggesting it is relatively liquid.

Bid-Ask Spread

The bid-ask spread is typically tight, implying relatively low trading costs.

Market Environment Factors

NVDL is heavily influenced by the performance of NVIDIA and the broader semiconductor sector, as well as overall market sentiment and economic conditions. Any news or events affecting NVIDIA will significantly impact the ETF.

Growth Trajectory

Growth is tied to the popularity of leveraged single-stock ETFs and the continued performance of NVIDIA. Changes in regulatory policy or investor sentiment could affect the ETF's growth.

Competitive Edge

NVDL offers a straightforward, leveraged way to gain exposure to NVIDIA's daily stock movements. It caters specifically to traders looking for short-term, amplified returns on NVDA. The ETF's concentrated focus on NVIDIA allows for potentially higher gains than broader tech ETFs, but also exposes investors to significant downside risk. Its value proposition lies in its specialized application for experienced traders familiar with leveraged products.

Volatility

Extremely high volatility due to the leveraged nature of the ETF and its concentration in a single stock. Daily resets also contribute to volatility over longer periods.

Market Risk

High market risk due to its dependence on NVIDIA and the tech sector. Regulatory changes, economic downturns, or company-specific issues could have a significant impact.

Ideal Investor Profile

Experienced traders and sophisticated investors with a high-risk tolerance who seek short-term, leveraged exposure to NVIDIA.

Market Risk

Primarily suitable for active traders with a short-term investment horizon. Not appropriate for long-term investors or those with low-risk tolerance.

GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is a leveraged ETF designed to provide 1.5 times the *daily* performance of NVIDIA. It is a high-risk, high-reward product suitable for experienced traders seeking short-term gains. Due to its leveraged structure and daily reset, it is not appropriate for long-term investment. Investors should understand the risks associated with leveraged ETFs and NVIDIA's stock before investing. Its performance is tied directly to NVIDIA's and is subject to increased volatility.

Data Sources:

• GraniteShares Website
• ETF.com
• SEC Filings

Disclaimers:

The data provided is for informational purposes only and does not constitute financial advice. Leveraged ETFs are inherently risky, and investors should conduct their own due diligence before investing. Past performance is not indicative of future results.