What is the ISIN of GraniteShares 2x Long AMD Daily ETF?

The ISIN of GraniteShares 2x Long AMD Daily ETF is US38747R7513.

What does leveraged daily exposure mean for GraniteShares 2x Long AMD Daily ETF?

GraniteShares 2x Long AMD Daily ETF aims to deliver 2 times the daily return of AMD (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect GraniteShares 2x Long AMD Daily ETF?

Volatility decay (also called compounding drag) occurs because GraniteShares 2x Long AMD Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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GraniteShares 2x Long AMD Daily ETF (AMDL) Price

GraniteShares 2x Long AMD Daily ETF Price

— EUR

TER1.07 %

AUM556.81 M USD

IndexAdvanced Micro Devices, Inc.

CurrencyUSD

Funds Launch3/4/2024

GraniteShares 2x Long AMD Daily ETF Price

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Underlying

AMD

AMD2X Long Daily

AMD

GraniteShares 2x Long AMD Daily ETF provides 2X daily exposure to AMD.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.