GraniteShares 2x Long MSFT Daily ETF (MSFL)
GraniteShares 2x Long MSFT Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $24.65, down 4.53% on the session, giving a market capitalisation of $89.5M. Its beta of 3.15 implies it has historically moved more than the broad market.
This fund, MSFL, aims to generate daily investment returns that are twice (200%) the daily percentage movement of Microsoft Corporation's common stock (NASDAQ: MSFT), prior to any fees or operational expenses. It is important to note that there is no assurance this objective will always be met. Furthermore, investors should understand that the fund is not designed to deliver double the cumulative return of MSFT over periods exceeding a single trading day. Its performance over longer durations will likely differ significantly from simply doubling Microsoft's overall return.
GraniteShares 2x Long MSFT Daily ETF is most often compared with the following Financial Services names: