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FTXL

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    95.912$
  • Previous Close
    97.5297$
  • 52 Week Change
    --
  • Day Range
    -1.62$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FTXL.US represents the GraniteShares 2x Long TSLA Daily ETF. This exchange-traded fund aims to deliver twice the daily performance of Tesla (TSLA) stock. It is designed for sophisticated investors seeking leveraged exposure to short-term movements in TSLA and is not intended as a long-term investment due to the effects of compounding and daily resets. The fund rebalances daily, and its performance may deviate significantly from two times the cumulative performance of TSLA over periods longer than a single day.
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Factors

Fund Performance: FTXL's underlying assets' performance directly impacts its price.

Sector Trends: The health and outlook of the tech sector significantly influence FTXL's value.

Market Sentiment: Overall investor optimism or pessimism affects demand for tech-focused ETFs.

Expense Ratio: FTXL's management fee, though small, impacts its overall return and price.

Supply & Demand: Increased buying pressure drives up the price, while selling pressure reduces it.

Economic Conditions: Macroeconomic factors like interest rates and inflation can affect tech stocks.

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