GraniteShares 2x Long ISRG Daily ETF (ISUL)

GraniteShares 2x Long ISRG Daily ETF is a leveraged single-stock fund that seeks to deliver twice the daily percentage change in the share price of Intuitive Surgical, the maker of the da Vinci robotic surgical systems. The fund is sponsored by GraniteShares.

The 2x objective applies to each individual trading day only. The fund achieves its exposure mainly through swap agreements and similar derivatives, and it rebalances daily to maintain its leverage. Because of daily compounding, its results over periods longer than one day can differ substantially from twice the return of Intuitive Surgical stock over the same period.