GraniteShares 2x Long Sandvik Daily ETF (SANP)

Profile

GraniteShares 2x Long Sandvik Daily ETF is a leveraged equity exchange-traded fund providing amplified exposure to Sandvik AB, a global high-tech engineering group based in Sweden. The ETF is designed to deliver approximately twice the daily percentage change of Sandvik’s common stock, before fees and expenses, using derivatives and other financial instruments to achieve its leverage target. Sandvik operates today across manufacturing, mining, and infrastructure-related industries, supplying specialized tools, equipment, tooling systems, and services that enhance productivity and sustainability for industrial customers worldwide. GraniteShares 2x Long Sandvik Daily ETF serves market participants who seek targeted, short-term access to the performance of Sandvik shares in a single, tradable vehicle, integrating the company’s exposure to mining equipment, advanced machining solutions, and industrial tooling into a leveraged structure. Positioned within the leveraged equity ETF segment, it plays a role in the broader market by offering tactical exposure to a major European industrial and engineering name through a structured product tailored for active use.