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PULT

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

Analysis and statistics

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  • Dividend Per Share
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About

The GraniteShares 2x Long Palantir Daily ETF (PULT.US) is an exchange-traded fund (ETF) that seeks to provide twice (2x) the daily investment results, before fees and expenses, of the common stock of Palantir Technologies Inc. (PLTR). This means that the ETF is designed to magnify the daily gains and losses of Palantir's stock. Due to the effects of compounding and volatility, holding PULT for longer than a single day is likely to produce results that differ significantly from the target of 2x the cumulative return of PLTR over that period, and may even result in losses even if Palantir's stock appreciates over the longer term. PULT is therefore a high-risk, high-reward instrument designed for sophisticated investors with a short-term trading horizon. It's crucial for potential investors to understand the risks associated with leveraged ETFs before investing.
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Factors

Issuer's Strategy: PULT's pricing reflects its leveraged exposure to the underlying index, amplified gains or losses.

Underlying Index Performance: The core driver; PULT magnifies the daily percentage change of the reference index.

Leverage Ratio: The fund's 2x leverage significantly impacts price volatility, amplifying market movements.

Interest Rates: PULT incurs borrowing costs to achieve leverage, affecting overall expenses and returns.

Trading Volume & Liquidity: Higher volume ensures tighter bid-ask spreads, reflecting fair market value.

Investor Sentiment: Demand for leveraged products rises with bullish outlooks, influencing premiums or discounts.

Rebalancing Costs: Daily rebalancing to maintain leverage incurs costs, impacting tracking efficiency.

Time Decay (Volatility Drag): Compounding of daily returns over time can erode long-term performance.

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