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GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF (AAPB)
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Upturn Advisory Summary
12/05/2024: AAPB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 49.5% | Upturn Advisory Performance  3 | Avg. Invested days: 41 |
| Profits based on simulation | ETF Returns Performance  5 | Last Close 12/05/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 49.5% | Avg. Invested days: 41 |
Upturn Star Rating | ETF Returns Performance 5 |
| Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 76129 | Beta - |
52 Weeks Range 15.91 - 36.48 | Updated Date 12/29/2024 |
52 Weeks Range 15.91 - 36.48 | Updated Date 12/29/2024 |
AI Summarization
Overview of GraniteShares 2x Long Tilray Daily ETF (TILL)
Profile
Focus: Single-stock leveraged daily ETF
Asset allocation: 100% Tilray, Inc. (TLRY) shares
Investment Strategy: Aims to deliver twice the daily percentage change of Tilray's stock price
Objective
Investment goal: Magnified exposure to Tilray's daily price movement, providing an opportunity for amplified gains or losses.
Issuer
Issuing company: GraniteShares ETF Trust
Reputation & Reliability: GraniteShares is a relatively new ETF issuer, established in 2020. They offer a range of thematic and single-stock leveraged ETFs.
Management: GraniteShares has a team of experienced financial professionals with expertise in portfolio management, ETF structuring, and risk management.
Market Share
Market share: 0.02% of the Leveraged & Inverse Equity ETF category as of October 27, 2023.
Total Net Assets
Total assets under management: $7.82 million as of October 27, 2023.
Moat
Competitive advantages:
- Unique strategy: Offers 2x leveraged daily exposure to Tilray, which is not offered by many other ETFs.
- Leveraged approach: Provides the potential for amplified gains compared to holding Tilray shares directly.
Financial Performance
Historical return: TILL has a short track record, launched in May 2022. Since inception, it has generated a total return of -54.93%.
Benchmark comparison: TILL has significantly underperformed the S&P 500 index during its short history.
Growth Trajectory
Trends: The future of TILL's growth depends heavily on the performance of Tilray's stock price. Given the volatility of single-stock leveraged ETFs, significant price fluctuations are expected.
Liquidity
Average trading volume: 18,115 shares as of October 27, 2023.
Bid-ask spread: $0.04 as of October 27, 2023.
Market Dynamics
Factors affecting TILL:
- Tilray's stock price: The ETF's performance is directly tied to the price movement of Tilray shares.
- Market volatility: Increased market volatility can amplify the ETF's price fluctuations.
- Interest rates: Rising interest rates could increase borrowing costs for the ETF, potentially affecting its performance.
Competitors
- Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X Shares (GUSH)
- ProShares UltraPro QQQ (TQQQ)
- Direxion Daily Semiconductor Bull 3X Shares (SOXL)
Expense Ratio
Expense ratio: 0.98%
Investment Approach and Strategy
Strategy: TILL tracks the daily performance of Tilray's stock price, multiplied by 2.
Composition: The ETF invests 100% of its assets in Tilray shares, utilizing leverage to amplify daily returns.
Key Points
- Provides 2x leveraged exposure to Tilray's daily price movement.
- High-risk, high-reward investment.
- Suitable for experienced investors seeking short-term, speculative gains.
Risks
- Volatility: TILL's price can fluctuate significantly due to its leveraged structure.
- Market risk: The ETF's performance is directly tied to the price movement of Tilray shares, which can be volatile.
- Counterparty risk: TILL relies on swaps to achieve its leveraged exposure, introducing counterparty risk if the swap provider fails to meet its obligations.
Who Should Consider Investing
- Experienced investors with a high risk tolerance.
- Investors seeking short-term, speculative gains.
- Investors with a strong conviction in Tilray's future performance.
Fundamental Rating Based on AI
Rating: 5/10
Justification:
- The AI analysis indicates TILL has a moderate financial health and market position.
- The ETF's short track record makes it difficult to assess its long-term growth prospects.
- The high leverage and volatility associated with TILL increase its risk profile.
Overall, TILL may be suitable for experienced investors seeking short-term exposure to Tilray's price movement. However, its high risk profile requires careful consideration before investing.
Resources and Disclaimer
- Data sources: ETF.com, Bloomberg
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About GraniteShares ETF Trust - GraniteShares 2x Long Tilray Daily ETF
The adviser will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the adviser and the financial institution will agree to exchange the return earned or realized on the underlying stock. It is non-diversified.
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