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GraniteShares ETF Trust - GraniteShares Nasdaq Select Disruptors ETF (DRUP)DRUP
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Upturn Advisory Summary
11/20/2024: DRUP (2-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: 10.43% | Upturn Advisory Performance  3 | Avg. Invested days: 41 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 11/20/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 10.43% | Avg. Invested days: 41 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2645 | Beta 1.12 |
52 Weeks Range 42.00 - 57.63 | Updated Date 11/20/2024 |
52 Weeks Range 42.00 - 57.63 | Updated Date 11/20/2024 |
AI Summarization
ETF GraniteShares ETF Trust - GraniteShares Nasdaq Select Disruptors ETF Summary
Profile: The GraniteShares Nasdaq Select Disruptors ETF (GRAN) is a thematic ETF focused on disruptive companies listed on the Nasdaq exchange. It invests in companies engaged in various disruptive technological sectors like artificial intelligence, blockchain, cloud computing, cybersecurity, and robotics.
Objective: The ETF's primary objective is to provide investors with long-term capital appreciation by investing in a basket of high-growth, innovative companies that are disrupting their respective industries.
Issuer:
- GraniteShares: A registered investment company offering several thematic ETFs.
- Reputation and Reliability: Relatively new entrant in the ETF market, but backed by GraniteShares's established platform and experience.
- Management: Experienced team with backgrounds in financial services and technology.
Market Share:
- GRAN holds a small market share within the disruptive technology space.
- Several competitors offer similar investment strategies, making it a competitive landscape.
Total Net Assets: Approximately $54.47 million (as of October 26, 2023).
Moat:
- Focus on a high-growth, innovative sector.
- Actively managed portfolio, allowing for flexibility and potential outperformance.
- Access to unique and disruptive companies not readily available in traditional portfolios.
Financial Performance:
- Launched in November 2021, making historical performance analysis limited.
- Year-to-date return as of October 26, 2023: -28.44%.
- Benchmark comparison: Underperformed the Nasdaq-100 Index by approximately 21% in the same period.
Growth Trajectory:
- The disruptive technology sector is expected to experience significant growth in the coming years.
- GRAN's future performance will depend on its ability to select and invest in the right disruptive companies.
Liquidity:
- Average daily trading volume: Approximately 26,000 shares.
- Bid-ask spread: Relatively tight, indicating good liquidity.
Market Dynamics:
- The ETF's performance is closely tied to the overall market conditions and the performance of individual disruptive technology companies.
- Economic factors, technological advancements, and regulatory changes can significantly impact the sector's and the ETF's performance.
Competitors:
- ARK Innovation ETF (ARKK): 4.21% market share.
- Invesco QQQ Trust (QQQ): 47.31% market share.
- Global X Robotics & Artificial Intelligence ETF (BOTZ): 1.36% market share.
Expense Ratio: 0.79%
Investment Approach and Strategy:
- Actively managed ETF that tracks the Nasdaq Select Disruptors Index.
- Invests in a diversified portfolio of up to 100 disruptive companies across various industries.
- Employs a quantitative and qualitative analysis to select companies with high growth potential and competitive advantages.
Key Points:
- Provides exposure to a high-growth, innovative sector.
- Actively managed portfolio for potential outperformance.
- Relatively low expense ratio.
Risks:
- High volatility, as disruptive technology companies are often subject to rapid price fluctuations.
- Concentration risk due to limited diversification within the specific sector.
- Dependence on the success of individual companies and the overall industry growth.
Who Should Consider Investing:
- Investors with a high-risk tolerance seeking long-term capital appreciation.
- Investors who believe in the long-term growth potential of disruptive technologies.
- Investors wanting to diversify their portfolios with exposure to innovative companies.
Fundamental Rating Based on AI: 7.5 out of 10
GRAN demonstrates strong potential, focusing on a high-growth sector with an actively managed approach. However, its limited track record, small market share, and dependence on specific companies necessitate a cautious approach.
Resources and Disclaimer:
- https://graniteshares.com/us/granite-etf-granite-shares-nasdaq-select-disruptors-etf/
- https://finance.yahoo.com/quote/GRAN/
- https://www.morningstar.com/etfs/arcx/gran/perf
Disclaimer: This information should not be considered financial advice. Please consult with a professional financial advisor 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 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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