GraniteShares 2x Long AMD Daily ETF (AMDL)

Overview

The GraniteShares 2x Long AMD Daily ETF (AMD) seeks to provide daily investment results, before fees and expenses, of 200% the daily performance of the common stock of Advanced Micro Devices, Inc. (AMD). It offers leveraged exposure to AMD, aiming to amplify short-term gains or losses. It is designed for active traders with a high-risk tolerance.

Reputation and Reliability

GraniteShares is a smaller ETF issuer known for providing leveraged and inverse ETFs. Their reputation depends on the performance of these specialized products, which can be volatile.

Management Expertise

GraniteShares' management team has experience in structuring and managing leveraged and inverse ETFs, requiring specialized knowledge of derivatives and trading strategies.

Goal

To seek daily investment results, before fees and expenses, of 200% the daily performance of the common stock of Advanced Micro Devices, Inc. (AMD).

Investment Approach and Strategy

Strategy: The ETF employs a leveraged strategy, using financial instruments like swaps to achieve 2x daily exposure to AMD's stock. It is a single-stock leveraged ETF.

Composition The ETF holds financial instruments designed to produce 2x the daily return of AMD stock. It doesn't directly hold AMD shares in proportion to its leverage.

Market Share: Specific market share data is not readily available due to the niche nature of this single-stock leveraged ETF.

Total Net Assets (AUM): 102938350

Key Competitors

• Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL)
• ProShares Ultra Semiconductors (USD)
• GraniteShares 1.25x Long NVDA Daily ETF (NVDL)
• Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS)

Competitive Landscape

The competitive landscape includes leveraged semiconductor ETFs and single-stock leveraged ETFs. AMD offers specific exposure, while competitors offer broader semiconductor exposure. Advantages include targeted exposure to AMD; disadvantages include higher risk and decay compared to unleveraged ETFs. The competitive landscape consists of ETFs that focus on semiconductor stocks and similar single-stock leveraged ETFs.

Historical Performance: Historical performance data is volatile and depends on AMD's daily stock performance. Due to the leverage, performance can be significantly amplified (both positively and negatively) compared to AMD's stock.

Benchmark Comparison: The ETF's performance is benchmarked against 2x the daily return of AMD stock. Tracking error may occur due to fees, expenses, and the complexities of leveraged instruments.

Expense Ratio: 0.99

Average Trading Volume

The average trading volume is moderate and subject to change based on AMD's market activity.

Bid-Ask Spread

The bid-ask spread is typically higher than non-leveraged ETFs due to the complexities and risks associated with leveraged products.

Market Environment Factors

Economic indicators, semiconductor industry growth, and AMD-specific news influence the ETF's performance. Market sentiment towards AMD and technology stocks heavily impacts its daily movements.

Growth Trajectory

The growth trajectory depends on AMD's future stock performance and investor demand for leveraged exposure. Changes in AMD's business or industry dynamics can impact holdings.

Competitive Edge

The GraniteShares 2x Long AMD Daily ETF offers targeted, leveraged exposure solely to AMD stock, providing a concentrated bet on the company's daily performance. This focused approach differentiates it from broader semiconductor ETFs. While the ETF's leverage can amplify gains, it also significantly increases risk, potentially leading to substantial losses if AMD's stock declines. The ETF's suitability is primarily for sophisticated traders with a high-risk tolerance who seek short-term exposure to AMD's price movements.

Volatility

The ETF exhibits high volatility due to its leveraged nature. Daily fluctuations can be significant.

Market Risk

The ETF is highly susceptible to market risk associated with AMD stock, including company-specific risks, industry trends, and overall market sentiment.

Ideal Investor Profile

The ideal investor is an active trader with a high-risk tolerance seeking short-term leveraged exposure to AMD. It is not suitable for long-term investors.

Market Risk

The ETF is best suited for active traders seeking to capitalize on short-term movements in AMD stock. It is not appropriate for long-term buy-and-hold investors.

The GraniteShares 2x Long AMD Daily ETF offers leveraged exposure to AMD stock, amplifying daily returns and losses. It is designed for sophisticated traders with a high-risk tolerance and a short-term investment horizon. Due to the leverage and associated risks, it is crucial to monitor the investment daily. The ETF's performance is highly dependent on AMD's stock price movements and market sentiment towards the company.

Data Sources:

• GraniteShares Official Website
• ETF Database
• Yahoo Finance
• Bloomberg

Disclaimers:

The data provided is 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 risk and may not be suitable for all investors.