GraniteShares 2x Long AVGO Daily ETF
AVGU
NASDAQ Global Market30.82
USD
-2.86
(+0.67%)
ISIN
US38747R4130
CUSIP
38747R413
Return %
Stock
S&P500
1Y
18.40
18.99
3Y
18.40
64.75
5Y
18.40
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ryan Dofflemeyer
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Jul 15, 2025
- Website
- graniteshares.com
- Similar Companies
- Business
- GraniteShares 2x Long AVGO Daily ETF GraniteShares 2x Long AVGO Daily ETF (AVGU) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Broadcom Inc.; it achieves this exposure primarily through swap agreements with major financial institutions, supplemented by options contracts such as deep in-the-money calls or synthetic forwards via at-the-money calls and puts on the underlying stock, as well as direct purchases of Broadcom shares when necessary; the fund posts 30% to 45% of its assets as collateral for swaps, utilizes U.S. exchange-traded and FLEX options guaranteed by the Options Clearing Corporation, and holds short-term U.S. government securities, money market funds, or investment-grade corporate debt for liquidity and collateral purposes. GraniteShares, Inc., the fund's sponsor and headquartered in New York City with a European arm in London launched in 2019, founded in 2016 by industry veteran William Rhind and backed by Bain Capital Ventures, issues this ETF as part of its suite of over 150 leveraged single-stock, commodities, high-income YieldBOOST options-based, and disruptive technology products distributed globally including the U.S., U.K., Italy, Germany, France, and Asia; the firm manages approximately $10.9 billion in assets as of September 2025. AVGU, launched on July 15, 2025, alongside companion 2x long leveraged ETFs on PDD Holdings (PDDL) and ServiceNow (NOWL), represents GraniteShares' expansion into single-stock leveraged products targeting high-conviction tech names amid growing U.S. and Asian demand for short-term trading tools; recent firm developments include the November 2025 launch of YieldBOOST ETFs on MARA (MAAY) and IONQ (IOYY), an updated YieldBOOST lineup on quantum computing leaders RGYY and QBY, and a strategic shift from core short/leveraged ETPs toward high-yield income ETFs like the YieldBOOST COIN (COYY) utilizing put spreads on leveraged underlyings; the fund maintains a net expense ratio of 1.50% after fee waivers through December 2025, concentrating exposure in the information technology and semiconductor sectors with principal risks including compounding effects, volatility decay over periods longer than one day, leverage magnification, counterparty default, and tracking error from daily rebalancing.