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MDPL

$--
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1d
1w
1m

Analysis and statistics

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About

MDPL.US refers to the GraniteShares 1.5x Short Tesla Daily ETF. This ETF is designed to provide 1.5 times the inverse (opposite) of the daily performance of Tesla (TSLA) stock. It is a leveraged and inverse ETF, meaning it uses financial instruments to amplify losses and gains, and its return is inversely related to the performance of TSLA. It's important to note that due to the effects of compounding, leveraged and inverse ETFs are generally intended for short-term trading and are not suitable for long-term investment strategies. Investors should carefully consider the risks associated with leveraged and inverse ETFs before investing.
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Factors

Underlying Holdings Performance: MDPL.US's price is directly tied to the performance of the underlying portfolio of mid-cap companies. Gains or losses in those stocks influence the ETF's value. Market Sentiment: Overall investor optimism or pessimism towards mid-cap stocks and the broader market can affect demand for MDPL.US, driving its price up or down. Economic Conditions: Factors such as GDP growth, inflation, interest rates, and unemployment can impact the profitability and valuations of mid-cap companies, consequently affecting MDPL.US's price. Sector Performance: MDPL.US's sector allocation influences its price. Strong performance in the sectors heavily represented within the ETF will typically boost its value. Expense Ratio & Trading Costs: While the expense ratio is a relatively stable factor, it does impact the long-term return. High trading volumes may also affect the bid-ask spread, impacting the execution price.

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