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GRANITESHARES ETF TRUST

 

SUPPLEMENT DATED November 21, 2023

TO THE PROSPECTUS AND THE STATEMENT OF ADDITIONAL INFORMATION (the “SAI”) DATED OCTOBER 27, 2023

 

The Board of Trustees (the “Board”) has approved the following name and investment objective changes for the Funds, which are expected to be implemented on or about January 22, 2024:

 

TICKER SYMBOL   CURRENT FUND NAME   NEW FUND NAME   CURRENT
LEVERAGE
FACTOR*		   NEW
LEVERAGE
FACTOR*
NVDL   GraniteShares 1.5x Long NVDA Daily ETF   GraniteShares 2x Long NVDA Daily ETF   150%   200%
CONL   GraniteShares 1.5x Long COIN Daily ETF   GraniteShares 2x Long COIN Daily ETF   150%   200%
BABX   GraniteShares 1.75x Long BABA Daily ETF   GraniteShares 2x Long BABA Daily ETF   175%   200%
FBL   GraniteShares 1.5x Long META Daily ETF   GraniteShares 2x Long META Daily ETF   150%   200%
GOOL   GraniteShares 1.75x Long GOOGL Daily ETF   GraniteShares 2x Long GOOGL Daily ETF   175%   200%
AMZZ   GraniteShares 1.5x Long AMZN Daily ETF   GraniteShares 2x Long AMZN Daily ETF   150%   200%
AAPB   GraniteShares 1.75x Long AAPL Daily ETF   GraniteShares 2x Long AAPL Daily ETF   175%   200%
AMDL   GraniteShares 1.25x Long AMD Daily ETF   GraniteShares 2x Long AMD Daily ETF   125%   200%
PTIR   GraniteShares 1.25x Long PLTR Daily ETF   GraniteShares 2x Long PLTR Daily ETF   125%   200%
UBRL   GraniteShares 1.5x Long UBER Daily ETF   GraniteShares 2x Long UBER Daily ETF   150%   200%
DISL   GraniteShares 1.5x Long DIS Daily ETF   GraniteShares 2x Long DIS Daily ETF   150%   200%
FORL   GraniteShares 1.25x Long F Daily ETF   GraniteShares 2x Long F Daily ETF   125%   200%

 

*The leverage factor represents the percentage that the Fund seeks to return, on a daily basis, of the underlying stock’s daily investment performance.

 

CURRENT
FUND NAME		   CURRENT INVESTMENT OBJECTIVE   NEW INVESTMENT OBJECTIVE

 

GraniteShares 1.5x Long NVDA Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corporation (NASDAQ: NVDA).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of NVIDIA Corporation (NASDAQ: NVDA).

 
GraniteShares 1.5x Long COIN Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Coinbase Global, Inc. Class A (NASDAQ: COIN).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Coinbase Global, Inc. Class A (NASDAQ: COIN).

 
GraniteShares 1.75x Long BABA Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the ADR of Alibaba Group Holding Limited (NYSE: BABA).

 
GraniteShares 1.5x Long META Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.50 times (150%) the daily percentage change of the common stock of Meta Platforms, Inc. Class A (NASDAQ: META).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Meta Platforms, Inc. Class A (NASDAQ: META).

 
GraniteShares 1.75x Long GOOGL Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Alphabet Inc. Class A (NASDAQ: GOOGL).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Alphabet Inc. Class A (NASDAQ: GOOGL).

 
GraniteShares 1.5x Long AMZN Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Amazon.com, Inc. (NASDAQ: AMZN).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Amazon.com, Inc. (NASDAQ: AMZN).

 
GraniteShares 1.75x Long AAPL Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.75 times (175%) the daily percentage change of the common stock of Apple Inc. (NASDAQ: AAPL).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Apple Inc. (NASDAQ: AAPL).

 
GraniteShares 1.25x Long AMD Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the of the common stock of Advanced Micro Devices, Inc. (NASDAQ: AMD).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the of the common stock of Advanced Micro Devices, Inc. (NASDAQ: AMD).

 
GraniteShares 1.25x Long PLTR Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the common stock of Palantir Technologies Inc. (NYSE: PLTR).   The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the common stock of Palantir Technologies Inc. (NYSE: PLTR).

 
GraniteShares 1.5x Long UBER Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Uber Technologies, Inc. (NYSE: UBER).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Uber Technologies, Inc. (NYSE: UBER).

 
GraniteShares 1.5x Long DIS Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.5 times (150%) of the common stock of Walt Disney Co (NYSE: DIS).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) of the daily percentage change of the common stock of Walt Disney Co (NYSE: DIS).

 
GraniteShares 1.25x Long F Daily ETF   The Fund seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Ford Motor Company (NYSE: F).   The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Ford Motor Company (NYSE: F).

 

Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the Prospectus.

 

* * *

Investors Should Retain This Supplement for Future Reference