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The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund designed to provide daily leveraged exposure to shares of NVIDIA Corporation. The ETF is managed by GraniteShares and trades under the ticker NVDL on the Nasdaq.
Classified as a leveraged single-stock ETF, the fund seeks to deliver, before fees and expenses, approximately 1.5 times the daily performance of NVIDIA shares.
The ETF follows a passive strategy using extensive financial derivatives, including swaps and other instruments intended to amplify daily exposure to the company’s stock. Because it is a leveraged ETF, the fund’s performance objective is based on daily returns rather than longer-term cumulative returns.
Diversification and sector exposure
NVDL provides exposure primarily associated with:
• NVIDIA Corporation.
• Semiconductors.
• Artificial intelligence.
• Accelerated computing.
• Data centers.
• AI hardware infrastructure.
• U.S. technology markets.
• Leveraged single-stock strategies.
The ETF’s performance is particularly sensitive to fluctuations in NVIDIA shares, the global semiconductor sector, and expectations surrounding artificial intelligence growth.
Changes in Federal Reserve monetary policy, fluctuations in interest rates, and shifts in technology-sector expectations may directly affect the fund’s behavior. The ETF may also reflect developments associated with GPU markets, data-center expansion, cloud computing, and global demand for AI infrastructure.
Because the ETF uses daily leverage, it is subject to compounding effects. Over longer holding periods, especially during volatile market conditions, the ETF’s cumulative performance may diverge significantly from 1.5 times the cumulative return of NVIDIA shares.
Structure and costs
NVDL shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. NVDL may distribute income associated with NVIDIA dividends and the derivatives used within the strategy.
Because the ETF uses derivatives and daily leverage, its behavior may exhibit extremely elevated volatility and heightened sensitivity to short-term movements in NVIDIA shares.
History and evolution of the ETF
The GraniteShares 1.5x Long NVDA Daily ETF was launched in 2022 during a period marked by expansion in leveraged single-stock ETFs tied to the U.S. technology sector.
Since inception, the fund has reflected movements associated with NVIDIA shares, including fluctuations tied to artificial intelligence growth, semiconductor markets, and accelerated computing technologies.
In recent years, NVDL has reflected periods of elevated volatility in technology equities, global expansion of AI infrastructure, rising GPU demand, and changing monetary conditions within U.S. financial markets.
Additional Information
GraniteShares 1.5x Long NVDA Daily ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $4.99 Billions.
Over the past 12 months, GraniteShares 1.5x Long NVDA Daily ETF recorded a return of 72.11%, with its price trading between $57.36 and $127.91 during the same period.
The ETF is traded under the ticker NVDL.
