
Asset Management - Leveraged | Financial Services | US
The primary objective of this fund is to deliver daily investment results that are two times (200%) the daily percentage change of IonQ Inc.'s common stock (NASDAQ: IONQ), before factoring in fees and expenses. It is important to note that meeting this specific daily objective is not guaranteed. Furthermore, due to the nature of daily leverage and compounding, this fund should not be expected to replicate two times the cumulative return of IONQ over periods exceeding a single day.
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GraniteShares 2x Long IONQ Daily ETF (IONL) seeks daily investment results that are two times the daily percentage change of IonQ Inc. common stock. This objective is pursued before fees and expenses, though meeting it daily is not guaranteed. Due to daily leverage and compounding, IONL is not expected to replicate two times the cumulative return of IONQ over periods longer than one day.
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