GraniteShares 2x Long NVDA Daily ETF (NVDL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
33.75 USD
-3.32
(-8.956%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 33.83 +0.08 (0.237%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:39 a.m. EDT
This is a high-risk leveraged instrument masquerading as a growth play. The underlying asset, NVIDIA, has delivered exceptional multi-year returns (+464% over two years), but owning this 2x leveraged ETF exposes you to the compounding decay that erodes such gains during any sideways or down market. The recent price action shows the fund struggling to maintain its 2x exposure against the underlying's volatility, trading well below its 50-day average despite the underlying's strength. The options market confirms this anxiety: traders are buying deep protection for a potential collapse while betting on a massive rally, creating a volatile environment unsuitable for standard investors. The single dividend paid in 2023 is negligible and irrelevant to the strategy. Avoid this for long-term holding; it is purely a tactical tool for short-term momentum traders who can stomach the daily reset risk. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.083420 |
| AutoARIMA | 0.089777 |
| AutoETS | 0.094677 |
| MSTL | 0.096930 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 31% |
| H-stat | 5.64 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.467 |
| Excess Kurtosis | -0.89 |
As of Aug. 22, 2026, 1:39 a.m. EDT: Speculators are positioning for significant volatility rather than a clear directional bet. Call volume spikes heavily at distant strikes (43.0, 80.0), while put volume concentrates aggressively at deep out-of-the-money strikes (5.0, 6.0, 8.33) for January 2027, suggesting a fear of a severe crash. However, the massive open interest walls at lower strikes (e.g., 26.67, 28.33) act as a floor, while the call side shows a 'long gamma' setup where dealers face hedging pressure if the price rises, potentially fueling further gains. The implied volatility skew is extreme, pricing in a binary outcome.
| Date | Dividend | Yield % |
|---|---|---|
| 2023-12-27 | 0.561722 | 11.312368 |
| Attribute | Value |
|---|---|
| All Time High | 56.75 |
| All Time Low | 0.984333 |
| Ask | 43.86 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 16,233,010 |
| Average Daily Volume3 Month | 15,960,001 |
| Average Volume | 15,960,001 |
| Average Volume10Days | 16,233,010 |
| Beta3 Year | 3.82 |
| Bid | 25.7 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 37.56 |
| Day Low | 33.52 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 31.885468 |
| Fifty Day Average Change | 1.8645325 |
| Fifty Day Average Change Percent | 0.058475934 |
| Fifty Two Week Change Percent | 39.34344 |
| Fifty Two Week High | 43.273335 |
| Fifty Two Week High Change | -9.5233345 |
| Fifty Two Week High Change Percent | -0.22007397 |
| Fifty Two Week Low | 21.536667 |
| Fifty Two Week Low Change | 12.213333 |
| Fifty Two Week Low Change Percent | 0.56709486 |
| Fifty Two Week Range | 21.536667 - 43.273335 |
| First Trade Date Milliseconds | 1,670,941,800,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -3.32 |
| Fullday Change Percent | -8.95603 |
| Fullday Price | 33.83 |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,670,803,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,022-12-13 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. It is non-diversified. |
| Long Name | GraniteShares 2x Long NVDA Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1788008972 |
| Nav Price | 31.65 |
| Net Assets | 3,264,780,290.0 |
| Net Expense Ratio | 1.05 |
| Open | 36.9 |
| Post Market Change | 0.08000183 |
| Post Market Change Percent | 0.23704246 |
| Post Market Price | 33.83 |
| Post Market Time | 1,787,961,599 |
| Previous Close | 37.07 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -3.32 |
| Regular Market Change Percent | -8.95603 |
| Regular Market Day High | 37.56 |
| Regular Market Day Low | 33.52 |
| Regular Market Day Range | 33.52 - 37.56 |
| Regular Market Open | 36.9 |
| Regular Market Previous Close | 37.07 |
| Regular Market Price | 33.75 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 24,516,367 |
| Short Name | GraniteShares 2x Long NVDA Dail |
| Source Interval | 15 |
| Symbol | NVDL |
| Three Year Average Return | 0.9965174 |
| Total Assets | 3,264,780,288 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -5.44072 |
| Trailing Three Month Returns | -5.44072 |
| Triggerable | 1 |
| Two Hundred Day Average | 30.403217 |
| Two Hundred Day Average Change | 3.3467827 |
| Two Hundred Day Average Change Percent | 0.110079885 |
| Type Disp | ETF |
| Volume | 24,516,367 |
| Yield | 0.0 |
| Ytd Return | 0.34095 |