(RDTL) GraniteShares 2x Long RDDT - Ratings and Ratios

The GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) is an actively managed exchange-traded fund that seeks to deliver twice the daily return of the underlying stock through a combination of financial instruments, including swaps, options, and direct stock purchases. This non-diversified fund is designed for investors looking to amplify their exposure to the underlying stocks daily performance.

Given its structure, RDTL is likely to be highly sensitive to the daily price movements of the underlying stock, making it a potentially high-risk, high-reward investment. The use of leverage (2x) means that both gains and losses are magnified, and the funds performance over longer periods may deviate significantly from twice the underlying stocks performance due to compounding effects.

Analyzing the available , we observe that the last price of RDTL is $16.58, slightly above its 20-day Simple Moving Average (SMA) of $16.15, indicating a recent positive trend. The 50-day and 200-day SMAs are both at $16.56, suggesting that the fund is currently trading in a narrow range around its longer-term averages. The Average True Range (ATR) of 2.37, or 14.30% of the last price, indicates a relatively high level of volatility.

From a fundamental perspective, the Assets Under Management (AUM) for RDTL is reported as $0.00M USD, which may indicate a very small or newly established fund. This could impact liquidity and potentially increase the risk for investors.

Forecasting the performance of RDTL involves analyzing both the and . Given the current technical indicators, if the underlying stock continues to show a positive trend, RDTL may benefit from its leveraged position, potentially pushing its price higher. However, the high ATR and the leveraged nature of the fund mean that a reversal in the underlying stocks price could lead to significant losses. With an AUM of $0.00M, investors should be cautious about liquidity and the funds ability to maintain its investment strategy. Therefore, a prudent forecast would be to monitor the underlying stocks performance closely and be prepared for potential high volatility in RDTL.