GraniteShares is expanding its suite of leveraged ETFs with three new products tracking technology companies, according to a press release from the firm.
The launch comes as leveraged single-stock ETFs have surged following Donald Trump’s election victory, with some funds jumping as much as 90% in just four trading sessions.
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The new funds include the GraniteShares 2x Long CRWD Daily ETF (CRWL), GraniteShares 2x Long TSM Daily ETF (TSMU), and GraniteShares 2x Long MU Daily ETF (MULL), all of which began trading on Nov. 11.
Each fund aims to deliver twice the daily returns of their respective underlying stocks—CrowdStrike Holdings, Micron Technology, and Taiwan Semiconductor Manufacturing—according to the fund fact sheets.
The underlying stocks have posted mixed returns in 2024, with Taiwan Semiconductor rising over 85% year-to-date, while CrowdStrike has gained 43.9% and Micron Technology is up 23.4%.
The new ETFs charge an expense ratio of 1.50%, according to their fact sheets.
New York City-based GraniteShares has emerged as a major player in the leveraged single-stock ETF space, with products tracking companies like Nvidia, Tesla, and Meta among its existing offerings.
The firm’s 2x Long NVDA Daily ETF (NVDL) has been particularly successful, gathering $2.9 billion in inflows this year amid a 439.6% gain, according to etf.com data. The $537.4 million GraniteShares 2x Long COIN Daily ETF (CONL) is the firm’s second largest single-stock fund, growing 100.3% year to date.
Leveraged single-stock ETFs have seen growing interest from retail investors seeking amplified exposure to individual companies. The Defiance Daily Target 2X Long MSTR ETF (MSTX) and T-Rex 2X Long MSTR Daily Target ETF (MSTU) have amassed $2.2 billion in combined assets, powered by over $740 million in inflows this year.
With these new additions, GraniteShares now offers 19 leveraged and inverse single-stock ETFs and manages $8.8 billion in assets, according to etf.com data.