The folks at an eight-year-old fund firm in New York City are celebrating a recent spike in their business.

Yesterday, Will Rhind, founder and CEO of GraniteShares [profile], confirmed that the firm recently surpassed $6 billion in AUM. More specifically, as of Tuesday, the ETF shop had $6.58 billion in AUM.

The milestone means that GraniteShares' AUM has more than tripled in the past four months, since crossing the $2-billion-AUM line back in February.

"Our growh is an example of the trend of more investors looking for amplified market exposures," Rhind states. "They increasingly recognize the potential to extract higher returns from sectors such as AI, tech and crypto. Our products enable them to leverage their views by going long and short on single stocks in an efficient way."

Rhind launched GraniteShares in 2016, and his team rolled out their first ETFs in 2017. They lay claim to being the largest provider of leveraged single stock ETFs and ETPs. 

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