On August 27, GraniteShares 2x Long NVDA Daily ETF rose 8.82% overnight, trading at $34.59/share, with turnover of $212,000.

On the news front, NVIDIA reported its fiscal Q2 results after hours: revenue reached $96.2 billion, up 106% year-over-year, surpassing analyst expectations of $92.38 billion; adjusted EPS came in at $2.22, beating the consensus estimate of $2.10. Additionally, NVIDIA disclosed that its Vera Rubin architecture has entered full production, with the company set to simultaneously deliver both Blackwell and Rubin generation systems going forward, though certain supply constraints remain.

As a 2x leveraged ETF tracking NVIDIA's daily stock performance, NVDL moved sharply higher in tandem with NVIDIA's post-earnings price surge. The record-setting quarterly revenue underscores continued robust demand for AI computing infrastructure.

The fund enters into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the fund and the financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Underlying Stock. It is non-diversified.

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