GraniteShares 2x Long ISRG Daily ETF
ISUL
NASDAQ Global Select- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Oct 7, 2025
- Website
- graniteshares.com
- Similar Companies
- Business
- GraniteShares 2x Long ISRG Daily ETF (ISUL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 2 times (200%) the daily percentage change of the common stock of Intuitive Surgical, Inc. (NASDAQ: ISRG). The fund provides leveraged exposure to ISRG, a developer of robotic-assisted minimally invasive surgical technologies including the da Vinci Surgical System across multiple specialties, the Ion endoluminal system for lung biopsies, instruments, accessories, training, technical support, system monitoring, and digital solutions sold worldwide; it is designed for short-term tactical trading rather than long-term holding due to daily leverage reset effects. GraniteShares manages the actively managed open-ended investment company, with a net expense ratio of 1.50% and no front-end or deferred loads. GraniteShares, founded in 2016 by William Rhind and backed by Bain Capital Ventures, serves as the global asset manager issuing and managing the fund from its U.S. operations, with a European business launched in London in 2019. The firm offers a diverse lineup of exchange-traded products including leveraged and inverse single-stock ETFs on popular U.S., UK, and European equities such as NVIDIA, Coinbase, and Tesla; physically backed commodities funds on gold and platinum; high-income strategies; disruptive technology ETFs; YieldBOOST options-income ETFs; and concentrated equity baskets like FAANG stocks listed on major exchanges in the U.S., UK, Italy, France, and Germany. With assets under management exceeding $10.9 billion as of September 2025 and over $11.1 billion by late November 2025, GraniteShares targets high-conviction investors seeking innovative, cost-efficient alternatives. Launched on October 6, 2025, ISUL represents a recent expansion of GraniteShares' leveraged single-stock ETF suite alongside the simultaneous debut of the 2x Long NBIS Daily ETF (NBIL), enabling amplified short-term exposure to high-growth names in robotic surgery and digital infrastructure without margin requirements or collateral. The firm has continued aggressive product innovation in 2025, including September additions to its YieldBOOST lineup with MTYY (on MicroStrategy) and PLYY (on Palantir), and December launches of RTYY (on Riot Platforms) and HMYY (on Hims & Hers Health), which employ options strategies on underlying leveraged ETFs to generate income amid growing AUM in that platform surpassing $649 million. These developments underscore GraniteShares' strategic focus on tactical trading tools, options-enhanced yields, and exposure to emerging sectors like digital assets, AI, and health technology.