MSFL

GraniteShares 2x Long MSFT Daily ETF

$30.56

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The GraniteShares 2x Long MSFT Daily ETF (MSFL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Microsoft Corporation (MSFT) stock.

Overview

ETF tracking GraniteShares 2x Long MSFT Daily ETF

Category Leveraged

Issuer Other

Inception Date 2024-03-18

Market Cap $30.6M

Average Volume N/A

Dividend Yield N/A

52-Week Range $15.85 - $34.89

VWAP $29.89

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long MSFT Daily ETF (MSFL) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Microsoft Corporation (MSFT) stock.

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as swap agreements and futures contracts, to provide leveraged exposure to the performance of MSFT. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Microsoft Corporation stock
Utilizes derivatives to achieve its leveraged exposure
Resets daily, so longer-term returns may differ from 2x the underlying stock
Relatively small fund with low assets under management

⚠️ Primary Risks

Leveraged funds can experience greater volatility and losses compared to the underlying asset
Daily rebalancing can lead to compounding effects that impact long-term returns
Counterparty risk associated with the use of derivatives
Lack of a performance history makes it difficult to evaluate the fund's long-term potential

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek to amplify their exposure to Microsoft Corporation on a daily basis. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.