Markets.com Logo

NVDL

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

Analysis and statistics

  • Open
    83.5422$
  • Previous Close
    83.7614$
  • 52 Week Change
    --
  • Day Range
    -0.22$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

NVDL.US represents the GraniteShares 2x Long NVDA Daily ETF. This ETF aims to deliver twice the daily performance of the common stock of NVIDIA Corporation (NVDA). It is a leveraged ETF, meaning it uses financial derivatives and debt to amplify the returns of its underlying asset. Due to the nature of leveraged ETFs, it is crucial to note that NVDL is designed for short-term trading and is not suitable for long-term investments, as its performance can deviate significantly from the underlying stock over extended periods.

Gold's Safe-Haven Status Under Scrutiny: Market Dynamics and Price Outlook

Emma Rose|--

Trump's Iran War Exit Without a Deal: Reshaping Middle East Energy Security and Power Dynamics

Emma Rose|--
European market insights: What is the European stock market doing right now?

European market insights: What is the European stock market doing right now?

Ghko B|--
EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

Ghko B|--

Microsoft at a Crossroads: AI Hurdles and Cloud Resilience Amidst Market Volatility

Sophia Claire|--

Iran's Hormuz Gambit: Leveraging a Chokepoint for Economic Leverage and Global Impact

Ava Grace|--

Gold Market Resilience: Navigating Sell-offs and Sustaining Bull Run

Noah Lee|--

Factors

NVDL.US is a leveraged ETF, so its price is affected by several key factors:

Nvidia (NVDA) Stock Price: NVDL's primary objective is to provide 1.5 times the daily performance of Nvidia stock. Therefore, NVDA's price movements are the most significant driver.

Leverage: The 1.5x leverage magnifies both gains and losses. Positive NVDA movements result in amplified positive NVDL movements, and vice versa. This also introduces risks.

Compounding Effect: Daily rebalancing to maintain the leverage ratio can lead to a "compounding effect". Volatility in NVDA can erode NVDL's value over time, especially in choppy markets.

Interest Rates & Costs: NVDL incurs costs associated with maintaining its leveraged position, including interest expenses and management fees, which can slightly reduce returns.

Market Sentiment: Overall market sentiment and investor risk appetite can influence demand for leveraged ETFs like NVDL, impacting its price independent of NVDA's immediate performance.

People Also Watch

Latest news

US Steel and Aluminum Tariffs Revamped: Simplification Amidst Potential Cost Increases

Noah Lee|--

SpaceX Files Secret IPO Bid, Eyeing Record-Breaking $1.75 Trillion Valuation

Ava Grace|--

US Intelligence: Iran Unwilling to Engage in Substantive Talks to End War

Sophia Claire|--

Latest Education Articles

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

Ghko B|--
Investing basics for beginners: What are the 4 economic indicators?

Investing basics for beginners: What are the 4 economic indicators?

Frances Wang|--
CFDs vs Options: What’s the Difference?

CFDs vs Options: What’s the Difference?

Julian Parker|--