SPAL

GraniteShares 2x Long SpaceX Daily ETF

Fund Objective

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Space Exploration Technologies Corp, (NASDAQ: SPCX)

There is no guarantee that the Fund will meet its stated objective.

The fund should not be expected to provide 2 times the cumulative return of SPCX for periods greater than a day.

Underlying Stock: Space Exploration Technologies Corp

SpaceX is an aerospace company founded in 2002 by Elon Musk with a mission to reduce the cost of space travel and expand access to space. The company develops reusable rockets, spacecraft, and satellite technologies, including Falcon, Dragon, Starship, and Starlink, while pursuing the long-term goal of enabling human life beyond Earth.

SPAL Fact Summary

TickerSPAL
CUSIP38747T468
Underlying Stock Space Exploration Technologies Corp
Leveraged Factor2x
Nav as of --
Closing Price as of --
Premium/Discount -
30-Day Median bid/ask spread -
Total Annual Operating Expense Ratio - per annum
Net Annual Operating Expense Ratio 1.50% per annum
Inception DateJun 15, 2026

Simple

Simple

Access Space Exploration Technologies Corp ETF (SPCX) through a traditional brokerage account. No need to borrow Space Exploration Technologies Corp Stock or maintain collateral.

High Conviction

High Conviction

Magnify your position in SpaceX (SPCX) in a single trade.

Control

Control

Space Exploration Technologies Corp ETF (SPCX Stock): No margin calls. Cannot lose more than the initial investment

New Investor Update GraniteShares Launches SPAL and SNK, Offering 2x Leveraged and Inverse Access to SpaceX View GraniteShares Launches SPAL and SNK, Offering 2x Leveraged and Inverse Access to SpaceX GraniteShares Launches SPAL and SNK, Offering 2x Leveraged and Inverse Access to SpaceX

SPAL Details

Listing & Codes

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Exchange Trading Currency Ticker ISIN SEDOL WKN
Performance Details View Performance
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Data as of
View View Premium Discounts Data & Charts
All Data on Total Return Basis 1 Month 3 Months YTD 1 Year 3 Years Since Inception

Portfolio

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Fund Sector Breakdown
as of -
Sector Allocation TECHNOLOGY 100.00%
Fund Sector Breakdown are subject to change
Fund Holdings
as of -
Underlying Share/Par Value Allocation
Fund Holdings are subject to change
Dowload Holding Download Holdings as of -

Distribution

Distribution
Fund Yield as of
30-Day SEC Yield N/A Distribution Rate N/A 12 Month Distribution N/A
Distribution Calendar as of
Ex Date Record Date Pay Date $/Share Ordinary Income Short Term Gains Long Term Gains
Distributions are not guaranteed

Investor Documents

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Document Name
GraniteShares ETF Trust SPAL Summary Prospectus Regulatory Download GraniteShares ETF Trust SPAL Summary Prospectus GraniteShares ETF Trust S&L Single Stock ETFs Prospectus Regulatory Download GraniteShares ETF Trust S&L Single Stock ETFs Prospectus GraniteShares ETF Trust S&L Single Stock ETFs SAI Regulatory Download GraniteShares ETF Trust S&L Single Stock ETFs SAI Product List Marketing Download Product List Factsheet Marketing Download Factsheet 2025 Graniteshares ETF ICI Primary Tax Download 2025 Graniteshares ETF ICI Primary 2025 Graniteshares ETF ICI Secondary Tax Download 2025 Graniteshares ETF ICI Secondary
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Premium/Discount Data & Charts
Latest Premium Discount Premium Discount Details
Latest Premium Discount
as of June 13, 2025
NAV- Price- Premium / (Discount)-
Data for the current quarter
as of June 13, 2025
Days at Premium- Days at NAV- Days at Discount-
-Year 2024 Days at Premium-- Days at NAV-- Days at Discount--
as of March 31, 2025 Greatest Premium- Greatest Discount- Days Between -0.5% to 0.0%- Days Between 0.0% to 0.5%-
Historical Premium/Discount Chart Historical Premium Discount Details
as of March 31, 2025

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

as of March 31, 2025

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.

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