GraniteShares 2x Long ETOR Daily ETF(NASDAQ:ETRL)

ETRL is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of eToro Group (NASDAQ: ETOR) stock. ETOR operates a multi-asset social investment platform, allowing users to trade equities, commodities, currencies, and cryptocurrencies. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. It may either buy deep in-the-money calls or use a synthetic forward options strategy. Aside from the leverage, the shares take on added volatility due to the lack of diversification. Due to the complexities of the product, purchasers should conduct their own stock research before initiating a position and trade with conviction. Shares tend to perform as anticipated only when underlying shares are trending and are on the positive corresponding side of the trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.