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MLN

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1d
1w
1m

Analysis and statistics

  • Open
    16.8358$
  • Previous Close
    16.5845$
  • 52 Week Change
    --
  • Day Range
    0.25$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

MLN.US represents the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF. This exchange-traded fund aims to track the Bloomberg Commodity Broad Strategy Index, offering investors exposure to a diversified basket of commodity futures contracts without the complexities of a K-1 tax form. The fund invests in futures contracts across various commodity sectors, including energy, agriculture, and metals, seeking to provide a return that corresponds to the performance of the underlying index. Investors use MLN.US to gain broad commodity exposure as a hedge against inflation or to diversify their portfolios.

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Factors

Underlying Assets: MLN.US's price mirrors its holdings, specifically the GraniteShares 1.5x Long Meta ETF. Changes in Meta Platforms (META) stock strongly influence MLN.US.

Leverage Factor: As a leveraged ETF, MLN.US aims for 1.5x Meta's daily returns. This amplifies both gains and losses, making it more volatile and price-sensitive.

Market Sentiment: General market optimism or pessimism towards technology stocks and Meta particularly can drive demand for MLN.US, affecting its price.

Interest Rates: Rising interest rates can indirectly impact MLN.US by making borrowing more expensive, potentially decreasing investment in leveraged ETFs.

ETF Supply & Demand: High demand pushes the price up, while increased selling pressure leads to price declines. Creation and redemption of ETF shares play a role here.

Tracking Error: MLN.US's actual performance may slightly deviate from its stated 1.5x leverage target due to fees, expenses, and trading strategies, influencing price.

Management Fees: ETF expenses reduce returns, impacting its price over time.

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