GraniteShares ETF Trust - GraniteShares 2x Long SMCI Daily ETF is an actively managed, non-diversified exchange-traded fund sponsored by GraniteShares Inc. and managed by GraniteShares Advisors LLC. The Fund seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the common stock of Super Micro Computer, Inc. The Fund provides leveraged long single-stock exposure through total-return swap agreements referencing Super Micro Computer common stock, with associated collateral principally held in cash and short-term U.S. Treasury securities; it does not directly hold Super Micro Computer shares. SMCL is designed as a short-term tactical trading vehicle for sophisticated investors and rebalances daily, such that returns over periods longer than one trading day may differ materially from twice the underlying stock’s cumulative return because of daily compounding, volatility and rebalancing effects. Shares trade under the ticker SMCL, have a December 12, 2024 inception date, and are distributed by ALPS Distributors Inc., which is unaffiliated with GraniteShares. GraniteShares Inc. is headquartered in New York, New York, and operates ETF businesses in the United States and other international markets. Recent operational changes include a 1-for-20 reverse share split effective May 1, 2026, which changed SMCL’s CUSIP to 38747T575, followed by a 3-for-1 forward share split effective June 26, 2026; neither transaction altered the aggregate market value of shareholders’ holdings at the time of effectiveness.