Key stats
About GraniteShares 2x Long NVDA Daily ETF
Home page
Inception date
Dec 13, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
GraniteShares Advisors LLC
Distributor
ALPS Distributors, Inc.
ISIN
US38747R8271
NVDL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of NVIDIA stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. It may either buy deep in-the-money calls or use a synthetic forward options strategy. Aside from the leverage, the shares take on added volatility due to the lack of diversification.Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
W2R1 last dividends amounted to 1.45 EUR. The year before, the issuer paid 0.07 EUR in dividends, which shows a 95.17% increase.
W2R1 shares are issued by GraniteShares, Inc. under the brand GraniteShares. The ETF was launched on Dec 13, 2022, and its management style is Active.
W2R1 expense ratio is 1.06% meaning you'd have to pay 1.06% of your investment to help manage the fund.
W2R1 follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
W2R1 invests in cash.