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MTGP

$--
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1d
1w
1m

Analysis and statistics

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About

MTGP.US refers to GraniteShares 1.75x Long Meta ETF. It is an exchange-traded fund (ETF) that aims to provide 1.75 times the daily performance of Meta Platforms, Inc. (META), the parent company of Facebook. This leveraged ETF is designed for sophisticated investors who seek to magnify their returns based on short-term movements in Meta's stock price. However, it is crucial to understand that leveraged ETFs are not intended for long-term holding due to the effects of compounding, which can lead to significant deviations from the stated multiple over extended periods. Investors should carefully consider their risk tolerance and investment objectives before investing in MTGP.US.
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Factors

Fund Performance: MTGP.US tracks the GraniteShares 1.75x Long META Daily ETF, so META stock performance greatly influences its price.

Leverage Factor: The 1.75x leverage magnifies META's daily price movements, both positive and negative.

Interest Rates & Fees: The cost of borrowing to achieve leverage and management fees impact the ETF's value.

Market Sentiment: Investor enthusiasm or fear towards META and leveraged ETFs affects demand and supply.

Volatility Drag: Compounding effects from daily resetting leverage can erode returns in volatile markets.

Trading Volume: Higher liquidity allows for tighter bid-ask spreads and easier price discovery.

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