GraniteShares 2x Long TDC Daily ETF (TDCL)

The GraniteShares 2x Long TDC Daily ETF (TDCL) is a leveraged single-stock exchange-traded fund from GraniteShares that seeks daily investment results equal to 200% of the daily percentage change in the share price of Teradata Corporation (NYSE: TDC).

Teradata provides data warehousing, analytics and cloud data platform software to large enterprises. The fund gains its leveraged exposure mainly through swap agreements with financial institutions referencing Teradata stock, and it does not hold a diversified portfolio.

The 2x objective is reset each trading day. Over periods longer than one day, compounding can cause the fund's performance to deviate significantly from twice Teradata's return, so the product is intended for short-term trading.