GraniteShares’ Leveraged Single-Stock ETF NVDL Hits $500 Million in Assets

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The GraniteShares 2X Long NVDA Daily ETF (NVDL) has surpassed $500 million in assets under management (AUM). NVDL, designed to offer 2X (200%) daily leverage exposure to shares of Nvidia (NVDA), has provided high conviction investors magnified exposure to NVDA and more broadly, the burgeoning AI sector.

Since its inception, NVDL has captured the attention of investors seeking to capitalize on the impressive growth of Nvidia. Nvidia’s stock price has soared over the last year, becoming the world's first chipmaker to achieve a market value of $1 trillion. NVDL has enabled investors to participate in NVDA’s success story and the AI theme.

“NVDL has become one of the most actively traded ETFs in the market and provides a direct way for conviction investors to gain leveraged exposure to Nvidia stock (NVDA). NVDL has averaged 730 thousand shares traded per day over last 30 days¹ which equates to approximately $87million of value traded per day.

NVDL along with our other leveraged single stock ETFs are gaining in popularity as investors seek out more high conviction ETFs to play key tech themes such as AI, Crypto, China Tech etc" stated Will Rhind, Founder and CEO of GraniteShares.

NVDL is part of GraniteShares' leveraged single-stock ETF suite that includes several other widely traded names, listed on the NASDAQ Stock Exchange:

Historically, access to leverage on single companies has been the domain of specialists such as hedge funds. GraniteShares has removed a key access barrier by making such exposures available on the NASDAQ as ETFs, allowing sophisticated investors to express high-conviction views in a transparent, accessible way.

Media contact:
Gregory FCA for GraniteShares
Olivia DeGirolamo, 609-350-3100
graniteshares@gregoryfca.com

About GraniteShares:

GraniteShares is an award-winning global investment firm dedicated to creating and managing Exchange Traded Funds (ETFs). Headquartered in New York City, GraniteShares provides products on U.S., U.K, German, French & Italian stock exchanges. The firm is a European market leader in Leveraged Single Stock ETFs and provides innovative, cutting-edge investment solutions for the high conviction investor. Graniteshares believes the future of investing lies at the nexus of alternative thinking, low fees, and disruptive product structures—the core of its high conviction investment philosophy. The firm launched its first product in 2017 and is a fast growing ETF issuer with approx $2² Billion in assets under management spanning a full array of investment strategies.

For more information, please visit: www.graniteshares.com

1. 30 Day Average Trading Volume to Feb 7^th 2024. Source: Bloomberg

2. As at June 30^th 2023

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The Fund seeks daily leveraged investment results and are intended to be used as short-term trading vehicles. This Fund attempts to provide daily investment results that correspond to the respective leveraged of the performance of its underlying stock (a leveraged Fund).

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