Key stats
About GRANITESHARES FINANCIAL PLC 3X SHORT TESLA DAILY ETP USD
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Inception date
Jun 26, 2020
Structure
Special Purpose Vehicle
Replication method
Synthetic
Dividend treatment
Capitalizes
Primary advisor
GraniteShares Financial Plc
ISIN
XS3075487556
GraniteShares 3x Short Tesla Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Tesla Inc Index that seeks to provide -3 times the daily performance of Tesla Inc shares.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
3STS assets under management is 3.54 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
3STS expense ratio is 0.99%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
3STS is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, 3STS doesn't pay dividends to its holders.
3STS shares are issued by GraniteShares, Inc.
3STS follows the Solactive Daily Leveraged 3x short Tesla Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 26, 2020.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.