GraniteShares Leveraged Single-Stock NVDL Hits $1 Billion in Assets
NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- GraniteShares, an entrepreneurial ETF provider, today announces its 2X long NVDA Daily ETF (NVDL) has surpassed $1 billion in assets under management (AUM) and is recognized as the world's largest single-stock ETF, according to data from VettaFi on March 6, 2024.This milestone is achieved as the GraniteShares suite of Leveraged ETF and ETPs surpassed $1.5B globally
- NEW YORK, March 08, 2024 (GLOBE NEWSWIRE) -- GraniteShares , an entrepreneurial ETF provider, today announces its 2X long NVDA Daily ETF ( NVDL ) has surpassed $1 billion in assets under management (AUM) and is recognized as the world's largest single-stock ETF, according to data from VettaFi on March 6, 2024.This milestone is achieved as the GraniteShares suite of Leveraged ETF and ETPs surpassed $1.5B globally
"Our core mission has always been to provide investors with innovative and accessible investment solutions,” said Will Rhind, Founder and CEO of GraniteShares. - "The recent surge in our leveraged long Nvidia product, driven by its outstanding earnings results, shows how keen investors are on having tools to take advantage of breakthrough moments in high-growth areas.”
In response to increasing investor demand for single-stock ETFs, GraniteShares recently enhanced its product suite by amplifying the leverage to 200% . - This enhancement has been well-received by the investor community, as evidenced by the growing AUM.
- Notably, funds like the GraniteShares 2x Long NVDA Daily ETF (NVDL) and the GraniteShares 2x Long COIN Daily ETF (CONL) have gained significant popularity for their amplified exposure to rapidly evolving sectors such as AI and crypto.