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A risky corner of the stock market has boomed in 2024 amid another year of stellar gains. Traders have piled into leveraged single-stock ETFs, seeking to amplify returns on popular names like Nvidia.
The leveraged ETF in question is the GraniteShares 2x Long NVDA Daily ETF (NASDAQ: NVDL). It's operated by GraniteShares, a privately held ETF provider that "focuses on innovative, cutting-edge ...
That compares to a gain in shares outstanding of only 85% for its bull leveraged product, the GraniteShares 2x Long NVDA Daily ETF. The discrepancy is even more pronounced in similar ETFs issued ...
STOXX Limited began operations in 1998, when the EURO STOXX 50 blue-chip benchmark and other indices were launched. In 2000 STOXX was the first index provider to implement free float market capitalization in all its indices.
In November 2008 the company was the first to offer ETFs with 3X leverage, a move that was copied some months later by its competitors ProShares and Rydex Investments. The move made it one of the fastest-growing ETF companies, with its sixteen 3X ETFs reaching a total of $3.4 billion in assets by April 2009.
Using a combination of options, futures, and swaps some firms have designed ETFs capable of tracking approximately −1x, 2x, −2x, 3x and −3x the daily returns of an index. 3x and −3x ETFs were first released on November 8, 2008 by Direxion Funds.
Imagine that you hold on to a leveraged S&P 500 ETF right when the index falls into a bear market, dropping 20%. ... vs. the 20.87% of the Nasdaq-100 index. 3. Direxion Daily S&P 500 Bull 3X ...
The GraniteShares 1.5X Long NVDA Daily ETF, that tracks 1.5 times the daily percentage change of Nvidia, has gained 328.5% so far this year, while the stock has risen 190%. ... another leveraged ...
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