GraniteShares 2x Long P Daily ETF (PUL)

The GraniteShares 2x Long P Daily ETF is a leveraged single-stock fund from GraniteShares, listed on the Nasdaq under the ticker PUL. Its underlying security is the U.S.-listed stock that trades under the ticker symbol P.

The fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in the underlying stock's price, typically using swap agreements to obtain the leveraged exposure.

Leverage is reset daily, so the fund targets daily returns only. Over longer holding periods, compounding can cause results to deviate significantly from twice the underlying stock's return, particularly in volatile markets.