GraniteShares 2x Long RDDT Daily ETF (RDTL)
GraniteShares 2x Long RDDT 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 $12.56, down 3.53% on the session, giving a market capitalisation of $8.9M. Its beta of 3.18 implies it has historically moved more than the broad market.
This exchange-traded fund (ETF) endeavors to deliver daily investment performance, before accounting for management fees and other operational expenses, that is two times (200%) the daily percentage fluctuation of Reddit Inc.'s common shares, traded under the NASDAQ ticker RDDT. It is important to note that success in achieving this stated objective is not guaranteed. Furthermore, investors should understand that this fund is not designed, nor should it be expected, to provide twice the cumulative return of RDDT for any period extending beyond a single trading day.
GraniteShares 2x Long RDDT Daily ETF is most often compared with the following Financial Services names: