GraniteShares has listed 18 ETPs offering three-times leveraged and inverse exposures to popular US-listed stocks.
The 18 leveraged and inverse ETPs are listed on the London Stock Exchange (LSE) with a total expense ratio of 0.99%.
The range includes:
GraniteShares 3x Long Alphabet Daily ETP (3LAL)
GraniteShares 3x Short Alphabet Daily ETP (3SAL)
GraniteShares 3x Long Amazon Daily ETP (3LZN)
GraniteShares 3x Short Amazon Daily ETP (3SZN)
GraniteShares 3x Long Apple Daily ETP (3LAP)
GraniteShares 3x Short Apple Daily ETP (3SAP)
GraniteShares 3x Long Facebook Daily ETP (3LFB)
GraniteShares 3x Short Facebook Daily ETP (3SFB)
GraniteShares 3x Long Microsoft Daily ETP (3LMS)
GraniteShares 3x Short Microsoft Daily ETP (3SMS)
GraniteShares 3x Long Netflix Daily ETP (3LNF)
GraniteShares 3x Short Netflix Daily ETP (3SNF)
GraniteShares 3x Long NVIDIA Daily ETP (3LNV)
GraniteShares 3x Short NVIDIA Daily ETP (3SNV)
GraniteShares 3x Long Tesla Daily ETP (3LTS)
GraniteShares 3x Short Tesla Daily ETP (3STS)
GraniteShares 3x Long Uber Daily ETP (3LUB)
GraniteShares 3x Short Uber Daily ETP (3SUB)
The ETPs enable sophisticated investors leveraged and inverse exposures at a fraction of the underlying price.
The range of ETPs is listed at $5.00 per share while most of the underlying stocks trade at prices in excess of $200. On 2 July, Tesla closed at a value of $1,208.66 while Facebook and Apple closed at $233.42 and $354.11, respectively.
The launch follows GraniteShare’s competitor, Leverage Shares, which also launched a range of leveraged and inverse US stock ETPs in June.
GraniteShares’ CEO Rhind: Leveraged single stock ETPs are just another tool in the toolkit
Will Rhind (pictured), founder and CEO at GraniteShares commented: “With increased market volatility and a stellar performance from leading companies within the US tech sector, many of which are familiar household names and widely followed by UK investors, now is a great time to launch our new products.
“If sophisticated investors believe that these stocks still have a long way to go in terms of growth and performance, they can use our products to multiply returns. However, if at any stage they think they are in a bubble and they expect their share prices to fall, we enable them to position to benefit from falling prices as well."
At the end 2019, the global short and leveraged ETP market was worth roughly $77bn, according to data from ETFGI. Out of the 20 largest products in the world, 12 are listed in the US, 6 listed in Asia and only two in Europe.
GraniteShares believes there is potential to grow the European leveraged and inverse market in the UK and Continental Europe.
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