GraniteShares 2x Long P Daily ETF seeks daily investment results, before fees and expenses, of 200% (2x) the daily percentage change of the common stock of Everpure, Inc. (NYSE: P). The Fund pursues its exposure primarily through swap agreements as well as direct investment in the underlying stock, resetting its leverage daily. Due to daily rebalancing and the effects of compounding, returns over periods longer than a single day will likely differ in amount and possibly direction from 2x the return of the underlying stock over the same period.