GraniteShares 2x Long RDDT Daily ETF (RDTL)

The GraniteShares 2x Long RDDT Daily ETF (RDTL) is an exchange-traded fund from GraniteShares that seeks daily investment results equal to two times (2x) the daily percentage change in the share price of Reddit, Inc. (RDDT). It is a single-stock leveraged product rather than a diversified portfolio.

Reddit, Inc. operates the Reddit online platform, a network of user-created communities organized around topics and interests, and earns revenue mainly from advertising and data licensing. The fund typically obtains its exposure through swap agreements and other derivatives rather than simply holding the shares, and it rebalances its exposure every trading day.

Because the leverage target resets daily, the fund's returns over periods longer than one day can differ substantially from the stated multiple of the stock's return for the same period, particularly when the share price is volatile.