GraniteShares 2x Long AMD Daily ETF

AMDL

Market cap $1.58B

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

AMDL is designed strictly for short-term speculation or hedging, not for long-term buy-and-hold investing. Daily leverage and derivative use cause performance decay over time, making long-term holding unwise and likely to result in losses. Liquidity and trading costs are favorable for short-term trades, with minimal impact from management fees on brief holding periods.

Will Rhind, Graniteshares founder and CEO, joins CNBC's Bob Pisani to discuss how global investors are getting into the U.S. market with single-stock ETFs, the growing opportunity for these new products, risks to consider and more.

AMDL is a leveraged ETF seeking 2x daily returns of AMD stock, offering a day trading vehicle for those seeking additional risk. Holding AMDL for longer than a day can result in compounding effects, leading to excess gains or losses beyond the 2x target. AMDL should not be held as a buy-and-hold strategy given the daily reset. This will result in amplified returns or losses beyond the 2x target.

The past week saw a total of 14 launches of exchange traded funds. Among them were ETFs from names including Pacer, Global X, Neuberger Berman, Bancreek and The Opportunistic Trader.