🔴 GraniteShares 2x Long DELL Daily ETF is trading 6.7% down today on continued reversal of the Dell AI rally and profit-taking after an 800% YTD surge

GraniteShares 2x Long DELL Daily ETF is trading 6.7% down today as the underlying Dell Technologies stock pulls back from its post-earnings AI server rally, triggering profit-taking in the leveraged instrument.

• The decline follows an extremely volatile period where the ETF surged >800% YTD, leading to increased de-risking as volatility normalizes.
• Recent weakness in Dell shares is amplifying downside swings for the 2x leveraged fund as the initial AI-driven euphoria cools.