GraniteShares 2x Long RIVN Daily ETF
RVNL
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Pradeep Gaur
- Full Time Employees
- 1,326
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Apr 22, 2025
- Website
- graniteshares.com
- Similar Companies
- Business
- GraniteShares ETF Trust - GraniteShares 2x Long RIVN Daily ETF (RVNL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% the daily percentage change in the share price of Rivian Automotive, Inc. (NASDAQ: RIVN), a company focused on designing, developing, and manufacturing electric vehicles and accessories; the fund achieves this exposure primarily through derivatives such as swaps. Headquartered in New York, New York, and founded in 2016 by William Rhind, GraniteShares operates as an innovative ETF provider offering a broad range of leveraged and inverse single-stock ETFs, YieldBOOST income-generating products via options strategies, physically backed commodity funds including gold and platinum, and high-income pass-through securities index funds across the United States, United Kingdom, Germany, Italy, France, and select Asian markets. The RVNL ETF, launched on April 21, 2025, targets sophisticated traders seeking short-term leveraged exposure to Rivian's stock performance in the automotive sector, with a focus on U.S. consumer discretionary and automobile manufacturers; it is not suitable for long-term holding due to daily rebalancing, compounding effects, and potential volatility decay. In recent developments, GraniteShares has aggressively expanded its YieldBOOST lineup, launching new ETFs such as the YieldBOOST RIOT ETF (RTYY) and YieldBOOST HIMS ETF (HMYY) on December 1, 2025, which generate income by selling put options on leveraged ETFs tracking Riot Platforms and Hims & Hers Health, respectively, building on a suite that surpassed $649.5 million in assets under management as of November 28, 2025. Earlier in 2025, the firm introduced additional YieldBOOST products including those tied to Meta Platforms (October 2025), MicroStrategy (MTYY, September 2025), and Palantir (PLYY, September 2025), reflecting a strategic shift toward options-based income strategies on high-growth single stocks and themes like digital assets and consumer health technology. Overall, GraniteShares manages over $11.114 billion in assets under management as of late November 2025, underscoring its growth in alternative ETF solutions amid robust demand for leveraged and yield-enhanced products.