GraniteShares 2x Palantir ETF (PTIR)

Overview

This fund operates as an actively managed exchange traded fund (ETF) with a distinct strategy to replicate, or seek a return of, two times (200%) the daily percentage change of its underlying stock. To achieve its investment objective, the fund primarily employs financial derivatives in the form of swap agreements. Swap agreements are contracts entered with major financial institutions which allow the fund to exchange returns earned or realized on the underlying stock over a specified period. These periods can range from as short as a day to over a year, providing the fund with flexibility in its investment approach. The fund is characterized by its non-diversified status, meaning it invests a large portion of its assets in a single or limited number of investment avenues, in this case, through swap agreements related to a particular underlying stock.

Products and Services

• Actively Managed ETF

  This service involves actively managing an exchange traded fund with the intention to achieve returns that are two times the daily performance of the underlying stock. Active management implies that the investment decisions are made by a fund manager or management team who actively decide on the buying and selling of assets within the fund's portfolio, as opposed to passively tracking a market index.

• Swap Agreements

  Part of the fund's strategy involves entering into one or more swap agreements with major financial institutions. Through these agreements, the fund aims to exchange the returns earned or realized on the underlying stock for a specified period. This period can vary, allowing the fund to adapt its strategy based on market conditions and investment objectives. Swap agreements are a type of derivative that let the fund leverage its position to achieve its goal of replicating 200% of the daily percentage change of the underlying stock.