GraniteShares 2x Long VRT Daily ETF (VRTL)

GraniteShares 2x Long VRT Daily ETF (VRTL) is a leveraged exchange-traded fund that seeks daily investment results equal to two times (2x) the daily percentage change in the share price of Vertiv Holdings Co. It is a single-stock fund, so its performance is tied entirely to one underlying company rather than to a diversified portfolio.

Vertiv Holdings Co (VRT) designs and manufactures critical digital infrastructure equipment, including power management, thermal management and cooling systems, racks and related services used in data centers, communications networks and industrial facilities.

The fund typically obtains its leveraged exposure through swap agreements and similar instruments rather than by simply holding twice as many shares. Because the 2x target applies to each single trading day and the leverage is reset daily, results over periods longer than one day can differ meaningfully from twice the stock's return over the same period. The fund is sponsored by GraniteShares, a New York-based issuer of leveraged single-stock and commodity ETFs.