Leverage Shares 3x Long Ferrari ETP

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.

3RAC trades at 43.415 EUR today, its price has risen 6.81% in the past 24 hours. Track more dynamics on 3RAC price chart.

3RAC net asset value is 39.78 today — it's fallen 4.49% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.

3RAC assets under management is ‪1.59 M‬ EUR. 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.

3RAC price has fallen by −4.78% over the last month, and its yearly performance shows a −1.31% decrease. See more dynamics on 3RAC price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.49% over the last month, showed a 16.95% increase in three-month performance and has decreased by −14.73% in a year.

3RAC fund flows account for ‪879.35 K‬ EUR (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.

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.

Yes, 3RAC is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.

In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, 3RAC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating 3RAC shows the buy signal. See more of 3RAC technicals for a more comprehensive analysis.

No, 3RAC doesn't pay dividends to its holders.

3RAC trades at a premium (2.72%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.

3RAC shares are issued by Leverage Shares LLC

3RAC follows the iSTOXX Leveraged 3x RACE 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 May 17, 2023.