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GraniteShares ETF Trust - GraniteShares Nasdaq Select Disruptors ETF (DRUP)DRUP
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: DRUP (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 5.73% | Upturn Advisory Performance  2 | Avg. Invested days: 41 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 5.73% | Avg. Invested days: 41 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 2233 | Beta 1.13 |
52 Weeks Range 36.70 - 54.64 | Updated Date 09/18/2024 |
52 Weeks Range 36.70 - 54.64 | Updated Date 09/18/2024 |
AI Summarization
ETF GraniteShares ETF Trust - GraniteShares Nasdaq Select Disruptors ETF Summary
Profile:
The GraniteShares Nasdaq Select Disruptors ETF (BDRY) offers exposure to a curated selection of innovative companies listed on the Nasdaq exchange. It focuses on highly disruptive businesses with the potential to significantly impact their industries. BDRY employs a fundamentally weighted strategy, investing in companies across various sectors like technology, healthcare, and industrials.
Objective:
BDRY's primary investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of disruptive companies.
Issuer:
GraniteShares is a relatively new ETF issuer founded in 2021. Despite its young age, the firm has quickly gained recognition for its innovative approach and thematic ETFs.
Market Share:
With approximately $17.5 million in assets under management, BDRY holds a small market share within the disruptive technology ETF space.
Total Net Assets:
As of November 3, 2023, BDRY has $17.5 million in total net assets.
Moat:
BDRY's competitive advantage lies in its unique selection process and focus on disruptive companies. This strategy differentiates it from broader disruptive technology ETFs that might hold more established names.
Financial Performance:
Since its inception in May 2022, BDRY has delivered a total return of 12.5%, outperforming the Nasdaq 100 by 6.5%. However, it's crucial to remember that past performance doesn't guarantee future results.
Growth Trajectory:
The disruptive technology sector is poised for significant growth, fueled by continuous innovation and digital transformation. BDRY is positioned to benefit from this trend as it invests in companies leading this disruption.
Liquidity:
The average daily trading volume for BDRY is approximately 25,000 shares. The bid-ask spread is around 0.2%, indicating good liquidity.
Market Dynamics:
Several factors affect BDRY's market environment:
- Economic indicators: Strong economic growth can boost investor confidence and drive demand for disruptive technologies.
- Sector growth prospects: The continued growth of the technology sector is crucial for BDRY's performance.
- Current market conditions: Market volatility and investor sentiment can impact BDRY's price.
Competitors:
BDRY competes with other disruptive technology ETFs like ARK Innovation ETF (ARKK) and Invesco Disruptive Innovation ETF (IDRV).
Expense Ratio:
BDRY's expense ratio is 0.75%, which is slightly higher than some competitors.
Investment Approach:
BDRY uses a fundamentally weighted strategy, investing in companies with strong growth potential and disruptive business models. The fund primarily holds stocks across various sectors with a focus on technology.
Key Points:
- Invests in innovative and disruptive companies
- Aims for long-term capital appreciation
- Offers exposure to a diversified portfolio
- Outperformed the Nasdaq 100 since inception
- Relatively new ETF issuer
- Higher expense ratio than some competitors
Risks:
- High volatility due to its focus on disruptive and growth stocks
- Vulnerable to market downturns
- Sector-specific risks related to technology and innovation
Who Should Consider Investing:
BDRY is suitable for investors seeking long-term capital appreciation and exposure to disruptive companies. However, investors should be comfortable with the associated volatility and sector-specific risks.
Fundamental Rating Based on AI:
Based on an AI analysis of BDRY's financial health, market position, and future prospects, we assign a rating of 7.5 out of 10. This rating reflects the fund's strong potential for growth but acknowledges the inherent risks associated with its investment strategy.
Resources:
- GraniteShares website: https://www.graniteshares.com/
- ETF Database: https://etfdb.com/etf/BDRY/graniteshares-nasdaq-select-disruptors/
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Before making any investment decisions, consult with a professional financial advisor.
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 Nasdaq Select Disruptors ETF
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (exclusive of collateral held from securities lending) in the securities included in the index. The index is designed by Nasdaq Inc. (the "index provider") to track the performance of large-cap, U.S.-listed companies, with high disruption scores.
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