GraniteShares 2x Long PDD Daily ETF
PDDL
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ROIC.AI
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- GraniteShares 2x Long PDD Daily ETF (PDDL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change of the common stock of PDD Holdings Inc. (NASDAQ: PDD); the fund employs derivatives such as swaps and futures to achieve this leveraged long exposure without directly investing in the underlying stock or requiring investors to borrow shares or post collateral. Launched on May 26, 2025, and listed on NASDAQ, PDDL targets sophisticated short-term traders seeking magnified returns on PDD Holdings Inc., a multinational commerce group operating e-commerce platforms like Pinduoduo and Temu; the ETF maintains a net expense ratio of 1.50% and features five holdings focused on delivering precise daily leverage. GraniteShares 2x Long PDD Daily ETF operates within the leveraged single-stock ETF segment of the investment management industry, serving institutional and retail investors pursuing tactical trading strategies in the technology and e-commerce sectors; GraniteShares, the ETF's issuer, was founded in 2016 and is headquartered at 222 Broadway, 21st Floor, New York, New York. In July 2025, GraniteShares launched PDDL alongside two companion leveraged ETFs, GraniteShares 2x Long NOW Daily ETF (NOWL) and GraniteShares 2x Long AVGO Daily ETF (AVGU), expanding its suite of single-stock leveraged products targeting high-conviction names in AI, cloud computing, and semiconductors; later in 2025, the firm continued its growth with additional launches including YieldBOOST ETFs such as YBST and YBTY in December, as well as prior additions like MTYY and PLYY, reflecting ongoing product innovation and a surge in assets under management exceeding $10 billion.