GraniteShares 2x Long DELL Daily ETF is trading 11% down today as the recent rebound in Dell and AI-focused tech fades following outsized gains in the prior session.
- As a 2x leveraged single-stock ETF, the fund is amplifying Dell’s intraday weakness amid a softer tech tape and a broader risk-off tone in growth names.
- The move follows extreme volatility, with the ETF swinging double digits across multiple sessions as sentiment toward AI hardware and high-beta tech oscillates.
- Broader indices are under pressure, particularly the Nasdaq, further weighing on leveraged tech-linked products.