MSTP

GraniteShares 2x Long MSTR Daily ETF seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of MicroStrategy Inc. (NASDAQ: MSTR). The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock. At the end of each trading day, the notional exposure against the underlying stock obtained through the combination of these instruments will be approximately 200% of the fund's net asset value. The fund is non-diversified.