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GDL

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

Analysis and statistics

  • Open
    8.3839$
  • Previous Close
    8.4941$
  • 52 Week Change
    --
  • Day Range
    -0.11$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

GDL.US refers to the GraniteShares 1.75x Long DraftKings Daily ETF. This exchange-traded fund (ETF) seeks to provide 1.75 times (175%) the daily investment results, before fees and expenses, of the common stock of DraftKings Inc. [DKNG]. It is designed for investors who have a short-term outlook and are seeking amplified exposure to DraftKings' stock performance on a daily basis. Due to the effects of compounding, its performance over periods longer than one day can differ significantly from the target multiple of the underlying stock's return.
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Factors

Market Conditions: Overall market sentiment and economic outlook influence investor demand for closed-end funds like GDL.US. Fund Performance: GDL.US's investment performance, including returns and dividend yields, impacts its attractiveness to investors. Net Asset Value (NAV): GDL.US's market price can deviate from its NAV due to supply and demand, creating premiums or discounts. Interest Rates: Changes in interest rates can affect the attractiveness of income-generating investments like GDL.US. Credit Spreads: Widening credit spreads may negatively affect GDL.US holdings and thus its price. Fund Management: The expertise and track record of the fund's management team influence investor confidence and valuation. Investor Sentiment: Shifts in investor risk appetite and preferences affect demand for specific asset classes held by GDL.US.

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