GraniteShares 2x Long Coin ETF (CONL)

Overview

The mentioned fund operates as an actively managed exchange-traded fund (ETF) that primarily focuses on leveraging investment outcomes based on the daily performance of its underlying stock. By employing a strategy that aims to double the daily percentage change of the underlying asset, the fund engages in swap agreements to achieve its goal. This method allows the fund to offer returns that are 200% of the daily performance of the concerned stock, but only for that day. It's important to note that this fund takes a non-diversified approach, concentrating its investment in a specific stock or sector to magnify its daily performance targets.

Products and Services

• Leveraged ETFs

The core offering by this fund includes products designed as leveraged ETFs, specifically tailored to investors looking for a potentially high-reward investment strategy through daily market leverage. Leveraged ETFs such as the one described use financial derivatives and debt to amplify the returns of an underlying index or asset for a single day. While this can significantly increase potential gains, it also comes with a higher risk, especially in volatile markets. As a leveraged product, the fund seeks to deliver twice the daily performance of its target, making it an attractive option for investors aiming for aggressive growth over short periods.