GraniteShares 2x Long NVDA Daily ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 10 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NVDL
TheFund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the UnderlyingStock by entering into financial instruments such as swaps and options on the Underlying Stock as well as directly purchasing theUnderlying Stock. At the end of each trading day, the notional exposure against the Underlying Stock obtained through the combinationof these instruments will be approximately 200% of the Fund’s net asset value. The Fund aims to generate 2 times the dailyperformance of the Underlying Stock for a single day. A “single day” is defined as being calculated “from the closeof regular trading on one trading day to the close on the next trading day.” The Fund will aim to primarily obtainits notional exposure against the Underlying Stock through swap agreements. In case the Fund faces restriction in increasing its swapnotional exposure, it may use option contracts on the Underlying Stock or buy the Underlying Stock directly. Swaps: TheFund may enter into one or more swap agreements with major financial institutions for a specified period ranging from a day tomore than one year whereby the Fund and the financial institution will agree to exchange the return (or differentials in rates of return)earned or realized on the Underlying Stock. The gross return to be exchanged or “swapped” between the parties is calculatedwith respect to a “notional amount,” e.g., the return on or change in value of a particular dollar amount representing theUnderlying Stock. The Fund is expected to post between 35% and 45%of its assets as collateral under the swap agreements. Options: Depending on market conditions, market liquidityand operational constraints, the Fund may either buy deep in-the-money call option contracts, or simultaneously buy an at-the-money calloption contract and sell an at-the-money put option contract (a strategy generally referred to as synthetic forward). All option contractsbought and sold will be against the Underlying Stock. The Fund will pay the premium for each call option contract bought and receivethe premium for each put option sold. The Fund’s participation in potential changes in the price of the Underlying Stock isbased on the price of the Underlying Stock at the time the Fund buys the call and sells the put option contracts, the strikeprice of the call (put) option contract and the Underlying Stock price at the time of the contract’s expiration. The maturityof the option contract bought and sold may vary from 1-week to 1-month. As part of the Fund’s strategy, the Fundmay buy a combination of standardized exchange-traded and FLexible EXchange® (“FLEX”) call and put options contractsthat are based on the value of the price returns of the Underlying Stock. The Fund will only buy and sell options contracts that arelisted for trading on regulated U.S. exchanges. Traditional exchange-traded options contracts have standardized terms, such as the type(call or put), the reference asset, the strike price and expiration date. Exchange-listed options contracts are guaranteed for settlementby the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listed options contract with uniquely customizableterms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical optionscontract. FLEX Options are also guaranteed for settlement by the OCC. In general, an option is a contract that givesthe purchaser (holder) of the option, in return for a premium, the right to buy from (call) or sell to (put) the seller (writer) of theoption the security or currency underlying (in this case, the Underlying Stock) the option at a specified exercise price. An option is said to be “European Style”when it can be exercised only at expiration whereas an “American Style” option can be exercised at any time prior to expiration.The Fund may use either European or American style options. TheFund may invest in (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds;(3) short term bond ETFs and/or (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notesissued by businesses that are rated investment grade or of comparable quality as collateral for the Fund’s swap agreements. TheFund has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics thatshould have 2 times the performance of the Underlying Stock. Dueto the Fund’s investment exposure to the Underlying Stock, the Fund’s investment exposure is concentrated in the semi-conductorindustry. Becauseof daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a singleday will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of thereturn of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat overtime, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible thatthe Fund will lose money over time while the Underlying Stock’s performance increases over a period longer than a single day. THEFUND, THE GRANITESHARES ETF TRUST, AND GRANITESHARES ADVISORS LLC ARE NOT AFFILIATED WITH THE UNDERLYING STOCK. Thisprospectus relates only to the Fund shares offered hereby and is not a prospectus for the common stock or other securities of NVIDIACorporation. The common stock of NVIDIA Corporation (NVDA) is registered under the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). Information provided to or filed with the Securities and Exchange Commission by NVIDIA Corporation pursuant to the ExchangeAct can be located at the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding NVIDIACorporation may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminateddocuments.
NVDL News
- Understanding Momentum Shifts in (NVDL)
- NVDL’s 2x Promise Delivered Only 17.21% While NVIDIA Soared 22.21% in One Year
- NVDL’s 2x Promise Delivered Only 17.21% While NVIDIA Soared 22.21% in One Year
- From $100 to $2,021 in Five Years: How Daily-Reset Leverage Turns Trends Into Fortunes
- From $100 to $2,021 in Five Years: How Daily-Reset Leverage Turns Trends Into Fortunes
- SPCQ +21% and NVDL + 6% as SpaceX Earnings Reshuffle the AI Chip Trade
- SPCQ +21% and NVDL + 6% as SpaceX Earnings Reshuffle the AI Chip Trade
- Avoiding Lag: Real-Time Signals in (NVDL) Movement
- Discipline and Rules-Based Execution in NVDL Response
- GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Short Interest Up 162.9% in June
- Investors Buy High Volume of GraniteShares 2x Long NVDA Daily ETF Call Options (NASDAQ:NVDL)
- Discipline and Rules-Based Execution in NVDL Response
Data for NVDL is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.