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The T-Rex 2X Long Nvidia Daily ETF (NVDX) and Direxion Daily NVDA Bull 2X Shares (NVDU) have also attracted inflows this month and now have more than $1 billion in assets combined. Entering Wednesday, Nvidia was up 159% for the year, and the three leveraged long ETFs had all delivered higher returns. Inverse Nvidia funds also exist, though they have been less popular than their leveraged long counterparts so far. The advent of the single stock funds has come at the same time as the rising demand for short-term options . All three long Nvidia funds have annual expense ratios above 1%.
Persons: Will Rhind, NVDU, there's, Bryan Armour, Scott Acheychek, I've, Acheychek, Rhind, Ed Egilinsky, Egilinsky, Morningstar's Armour, Armour Organizations: Nvidia, North America, Rex Financial Locations: GraniteShares
The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.
Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S
AdvertisementA new type of exchange-traded fund has made waves over the past year: the leveraged single-stock ETF. The T-REX 2X Long NVIDIA Daily Target ETF is up 425% year-to-date. The GraniteShares 2x Long NVDA ETF, the T-REX 2X Long Nvidia Daily Target ETF, and the Direxion Daily NVDA Bull 2X Shares ETF have amassed a collective $5 billion in assets under management. AdvertisementHowever, that success hasn't exactly translated into the other single-stock leveraged ETFs that target popular mega-cap technology stocks. The T-REX 2X Long Tesla Daily Target ETF, the Direxion Daily TSLA Bull 2X Shares, and the GraniteShares 2x Long TSLA Daily ETF have a combined $1.5 billion in assets under management.
Persons: , I've, Tesla Organizations: Nvidia, Service, NVIDIA Daily Target, Nvidia Daily Target ETF, Apple, Microsoft, Tesla, Target ETF Locations: NVDL
Nvidia 's long rally could be giving way to a consolidation period that lasts for months, according to Renaissance Macro Research chairman Jeff DeGraaf. "I think we're stalled here for Nvidia," DeGraaf said Monday on CNBC's "Money Movers ." This combination of a big rally plus elevated trading activity suggests that the stock is overheated, according to DeGraaf. The stock was trading near the $870 level on Monday. This period could take three to six months, DeGraaf said, and he compared it to a brief slump Nvidia had last summer.
Persons: Jeff DeGraaf, DeGraaf, It's Organizations: Nvidia, Macro
ETF issuer GraniteShares filed Wednesday to increase the leverage on dozens of single stock ETFs, most notably the GraniteShares 1.5x Long NVDA Daily ETF (NVDL) . NVDL YTD mountain This leveraged Nvidia single-stock ETF is the top performing U.S. ETF of the year. Single-stock ETFs are structured to produce a leveraged return on a one-day basis, poisitively or inversely, depending how it's structured, and resetting every day. Single-stock ETFs were first approved in the U.S. in 2022, and the launches have been hit and miss so far. The tweak would bring the NVDL's leverage in line with the T-REX 2X Inverse Nvidia Daily Target ETF (NVDX) , which was introduced in October.
Persons: GraniteShares, There's, Will Rhind, Rhind Organizations: Nvidia, ETF, CNBC, Target Locations: U.S, United States
Direxion rolls out Nvidia-focused ETFs for bulls and bears
  + stars: | 2023-09-13 | by ( ) www.reuters.com   time to read: +2 min
The Direxion Daily NVDA Bull 1.5x Shares ETF (NVDU.O) seeks to deliver 1.5 times the price return of daily moves in Nvidia’s shares, which have more than tripled year-to-date. Meanwhile, the Direxion Daily NVDD Bear 1x Shares ETF allows bearish investors to profit when Nvidia’s shares decline. Single-stock ETFs made their debut in 2022, but only a handful of products have since been introduced by five firms, including Direxion. Because of their increased exposure, investors’ losses in leveraged exchange traded products can be staggering, analysts said. Only four leveraged single-stock ETFs currently have more than $50 million, according to Morningstar.
Persons: Robert Galbraith, , , Bryan Armour, GraniteShares, Direxion, Edward Egilinsky, ” Direxion, Suzanne McGee, Ira Iosebashvili, David Gregorio Our Organizations: Nvidia, REUTERS, Nvidia Corp, Morningstar Inc, Morningstar, Thomson Locations: Santa Clara , California, Nvidia’s
A blowout earnings report for Nvidia is rewarding the chipmaker's shareholders once again and delivering even bigger returns for traders who use a red-hot leveraged ETF. And the GraniteShares 1.5x Long NVDA Daily ETF (NVDL) jumped 3.5%, continuing a banner year for the single-stock ETF. NVDL 1D mountain The GraniteShares NVDL ETF has soared this year as the excitement around artificial intelligence has boosted Nvidia's stock. GraniteShares launched four more funds in the single-stock category this week, including the 1.5x Short NVDA Daily ETF (NVD) and the 1.5x Short TSLA Daily ETF (TSDD). Single-stock funds also tend to have higher expense ratios than broader funds that are not leveraged.
Persons: Will Rhind, Rhind, GraniteShares, NVDL Organizations: Nvidia, Securities and Exchange Commission, Daily Semiconductor Locations: U.S
A look at single-stock ETFs one year in
  + stars: | 2023-08-19 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +3 min
GraniteShares rolled out its first batch of single-stock ETFs in August 2022 with products tracking mainstay names Tesla, Apple and Coinbase. While its 1.25x Long Tsla Daily ETF (TSL) and 1.75x Long AAPL Daily ETF (AAPB) have logged considerable gains in 2023, the Coinbase rally has pushed its 1.5x Long COIN Daily ETF (CONL) up 123% year to date. Because single-stock products are leveraged, Rhind said that the products lend themselves more to short-term activity and exposures. GraniteShares 1.5x Long NVDA Daily ETF (NVDL) has emerged as the outperformer of the firm's lineup, up more than 349% this year. Nadig added that investors can expect to see more single-stock ETFs coming to the market, but it's up to investor interest and market trends to ultimately bolster activity.
Persons: Will Rhind, Courtney Reagan, Rhind, Dave Nadig, Nadig Organizations: Apple
The iShares Russell 2000 ETF (IWM) raked in more than $1 billion of inflows over the past week through Thursday's close, according to FactSet. The SPDR Gold Shares ETF (GLD) was another successful fund, pulling in about $270 million. Those flows are a notable contrast to the market's performance this week, where large tech stocks outperformed. Both gold and the Russell 2000 have fallen slightly in May, so the inflows could reflect investors buying a dip. ETF fund flows are not always a perfect gauge for what investors are betting on.
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