RVNL

GraniteShares 2x Long RIVN Daily ETF

$35.68

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The GraniteShares 2x Long RIVN Daily ETF (RVNL) seeks to provide 2x the daily return of the common stock of Rivian Automotive, Inc. (RIVN).

Overview

ETF tracking GraniteShares 2x Long RIVN Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-04-22

Market Cap $6.8M

Average Volume N/A

Dividend Yield N/A

52-Week Range $24.85 - $55.65

VWAP $38.22

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long RIVN Daily ETF (RVNL) seeks to provide 2x the daily return of the common stock of Rivian Automotive, Inc. (RIVN).

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of the RIVN stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of Rivian Automotive stock
Utilizes derivatives and leverage to magnify performance
Resets exposure daily, not designed for long-term holding
Relatively new ETF with limited performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence from the underlying stock's long-term performance
Exposure to the volatility and risks of the Rivian Automotive stock
Liquidity and trading risks associated with a new, low-AUM ETF

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a very short-term investment horizon who are looking to make speculative bets on the daily price movements of Rivian Automotive stock. It is not recommended for long-term or conservative investors.