ETFs  /  Leverage  /  RDTL

Reddit Inc 2x Long Single-Stock · Daily

RDTL

GraniteShares 2x Long RDDT Daily ETF

NAV · -
- - -
Today
-
Market - · - 30d
AUM
-
Expense
-
Leverage
2x
Inception
Mar 25, 2025
Exchange
NASDAQ
Underlying RDDT
RDDT price - -
Implied RDTL move - 2x today
Next earnings - -
30-day volatility - annualized

What's moving RDDT

Updated daily

The catalysts driving the underlying — and why a leveraged, single-day vehicle like RDTL exists. Each item is sourced; the last row is always the next scheduled catalyst.

Performance

RDTL shown alongside its underlying so the leverage effect is visible in real numbers, not abstract language.

Growth of a $100 investment
-
-now
Total Return 1M 3M 6M YTD 1Y 3Y SI RDTL — NAV ------- RDTL — Market ------- RDDT — Underlying -------

Past performance is no guarantee of future results. Returns over one year are annualized; "SI" = since inception (Mar 25, 2025). Leveraged ETFs reset daily; returns over periods longer than one day will differ from 2x the underlying.

Prior to January 22, 2024, The Fund sought daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corp (NASDAQ: NVDA)
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund's most recent month end performance, please call 1 (844) 476-8747

Premium / discount data & charts

How RDTL's market price has traded relative to its NAV. Positive numbers are a premium; negative numbers are a discount.

Latest premium / discount as of -
NAV-
Market price-
Premium / (Discount)-
Current quarter as of -
Days at premium-
Days at NAV-
Days at discount-
Calendar year - vs -
Days at premium--
Days at NAV--
Days at discount--
Quarter detail
Greatest premium-
Greatest discount-
Days between −0.5% and 0.0%-
Days between 0.0% and 0.5%-
Historical premium / discount
- -
--

Chart Description
The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Premium / discount frequency trading days per range, selected quarter
-

Chart Description
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value (or NAV). The market price is the last price as published by the exchange on which the Fund is listed. It is generally the average of the bid-ask prices at 4:00 PM ET. The NAV is calculated by reference to the closing price of the positions held by the Fund. The vertical axis of the chart shows the premium or discount of the market price as percentage of the NAV. The horizontal axis shows the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Possible Time Discrepancies
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

Risk profile

Risk rating 5 / 5 · Highest

RDTL is a 2x leveraged, single-stock ETF that resets daily. It is intended for sophisticated investors who actively monitor positions and hold for very short periods — often a single trading day. It is not a buy-and-hold investment.

Full risk disclosures

Investing involves risk, including possible loss of principal. Leveraged and single-stock ETFs are not suitable for all investors and present heightened risks including daily compounding, correlation, concentration, derivatives (swap) and counterparty risk. The fund is riskier than alternatives that do not use leverage. An investor could lose the full value of their investment within a single day. There is no guarantee the fund will meet its stated objective. Carefully consider the investment objectives, risks, charges and expenses before investing; read the prospectus. Distributed by ALPS Distributors, Inc.

Fund details

TickerRDTL
CUSIP38747R 496
Leverage Factor2
UnderlyingReddit Inc
Total Expense Ratio-
Net Expense Ratio-
Management Fee-
AUM-
Inception DateMar 25, 2025
ExchangeNASDAQ
CurrencyUSD
RebalanceDaily
30-Day Median Spread-
Premium / Discount-
Holding · Counterparty % Net
- -

Swap exposure totals 200% notional across counterparties, collateralised by T-bills & cash. As of -.

Distributions

Monthly distribution schedule and history. Distributions are not guaranteed and may include a return of capital.

Ex-Date Record Pay Date Total Income Return of Cap.
-
Next distribution
-
Ex-date · pays -
12-Month Distribution Rate
-
Based on the most recent 12 months of distributions and current NAV.

Same underlying, different objective — the full GraniteShares suite. Express any view, or generate income, without leaving the platform.

NVD — inverse / hedgeNVYY — options incomeRDTL — leveraged upside

Where to buy RDTL

RDTL trades on NASDAQ under the ticker RDTL. Buy it commission-free through any major brokerage — just search the ticker.

Fidelity Charles Schwab Robinhood Interactive Brokers E*TRADE Vanguard

Related research

Frequently asked

What is RDTL?

RDTL is the GraniteShares 2x Long RDDT Daily ETF. Seeks daily investment results, before fees and expenses, of 2x (200%) the daily percentage change of Reddit Inc common stock.

What is the RDTL expense ratio?

RDTL has a gross expense ratio of .

How do I buy RDTL?

RDTL trades on NASDAQ under the ticker RDTL. You can buy it commission-free through most major brokerages, including Fidelity, Schwab, Robinhood and Interactive Brokers — just search RDTL.

Does RDTL hold Reddit Inc stock?

RDTL does not hold Reddit Inc shares directly. It gains 2x exposure through total-return swaps referencing Reddit Inc, collateralised by cash and short-term U.S. Treasuries.

Can I hold RDTL long term?

RDTL is designed to achieve its 2x objective for a single trading day. Because it rebalances daily, returns over longer periods can differ substantially from 2x the underlying's return. It is intended for active traders, not buy-and-hold investors.

Does RDTL pay a distribution?

RDTL may make an annual distribution. Distributions are not guaranteed and may include a return of capital.

What happens to RDTL when Reddit Inc reports earnings?

Earnings can drive large single-day moves in RDDT, which RDTL amplifies ~2x. See the catalyst feed above for the next scheduled report.

Documents

Track RDTL, RDDT & earnings.

Get NAV-move alerts above your threshold, Reddit Inc earnings reminders, and launches for related products — tagged to RDTL.

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