Graniteshares 2x Long Nvidia Daily ETF - NVDL

GraniteShares 2x Long NVDA Daily ETF is a leveraged exchange-traded fund that offers amplified exposure to the daily performance of NVIDIA Corporation stock. The fund seeks to deliver two times the daily percentage change of NVIDIA’s share price, before fees and expenses, making it a specialized tool for short-term traders who focus on precise daily moves rather than long-term buy-and-hold strategies. To achieve its objective, the ETF primarily uses derivatives, including equity swaps and options, rather than holding only the underlying shares. Its portfolio is concentrated in the information technology sector, with exposure tied to semiconductors and related industries. The fund is part of the GraniteShares ETF Trust and is advised by GraniteShares Advisors LLC. Because it is reset daily, its performance over periods longer than a single trading session can diverge significantly from twice the cumulative return of NVIDIA stock, which is a key structural feature for market participants to understand when using it as a trading instrument.