Here is the number that should stop any GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) holder cold.
Nvidia remains the world's most valuable company, leading AI innovation and consistently beating earnings and revenue forecasts. NVDA's long-term uptrend persists, with each correction historically presenting buying opportunities as higher lows precede new record highs. The Granite Shares 2X Long NVDA Daily ETF offers double-leveraged exposure, best suited for disciplined, short-term trading strategies.
Here is the number that should stop any leveraged ETF trader in their tracks: year to date through Tuesday's close, the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is up 11.5%.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Jeff Ameen Spire Wealth Management | 1,560 | $57,375.2 | $45,895.2 | -$11,480 | -20.01% |
Richard Slavik Newbridge Financial Services Group Inc. | 90 | $2,557.8 | $3,303.9 | $746.1 | 29.17% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 3,462 | $143,655.1 | $101,852.04 | -$41,803.06 | -29.1% |
Tyler Glazier New Millennium Group LLC | 4,505 | $363,152 | $132,537.1 | -$230,614.9 | -63.5% |
John DeMarco Trajan Wealth LLC | 7,722 | $230,193 | $281,003.58 | $50,810.58 | 22.07% |
| NASDAQ (NMS) Exchange | US Country |
This company operates within the financial sector, focusing on creating investment opportunities through swap agreements with major financial institutions. Swap agreements are financial contracts where two parties agree to exchange the financial returns of different kinds of investments. In this case, the company and its partner institutions exchange returns based on the performance of an underlying stock. The agreements may vary in duration, ranging from as short as a day to over a year. This setup allows investors to gain exposure to the performance of specific stocks without directly owning them. The fund operates on a non-diversified basis, meaning it may choose to invest a significant portion of its assets in a limited number of swaps, potentially increasing the fund's risk and return profile.
Swap agreements are the primary offering of this company, involving a contractual arrangement between the fund and major financial institutions. These agreements are keyed to the performance of an underlying stock. They enable the exchange of returns or differentials in rates of return over a specified period. This product is designed for investors looking for exposure to specific assets or seeking to hedge other investments, without the need for direct investment in those assets.
The investment strategy of the fund is explicitly non-diversified, allowing it to concentrate investments in specific swap agreements. This approach can lead to higher volatility and potentially higher returns, appealing to investors with a higher risk tolerance. By focusing on a limited number of high-conviction swaps, the fund aims to achieve significant growth, albeit with an increased risk profile.