ETF issuer GraniteShares has listed a suite of short and leveraged single stock ETFs listed on the NASDAQ Stock Exchange.
The firm writes that this new category reflects the evolution of the ETF market from broad index solutions to the ability today to take targeted positions on individual stocks. Globally, the broad short and leveraged ETP segment has attracted significant investor inflows, growing from USD2.4 billion in assets under management in 2006 to USD111.9 billion at the end of May 2022, the firm says.
GraniteShares’ new suite of short and leveraged single stock ETFs, is aimed at sophisticated investors, enabling them to take high conviction positions on some of the most popular US stocks: Tesla (TSLA), Coinbase (COIN) & Apple (AAPL).
Historically, access to leverage on single companies has been the domain of specialists such as hedge funds, the firm says. GraniteShares writes that it has removed a key access barrier by making such exposures available on exchange as ETFs, giving sophisticated investors the opportunity to express high conviction views in a transparent, accessible way.
Will Rhind, Founder and CEO at GraniteShares, says: “At GraniteShares we’re giving sophisticated US investors access to a new type of investment that didn’t exist before. We’re proud to bring this new innovation to the US market.
“GraniteShares pioneered this market in Europe and we now have a leading franchise offering 106 products on major European exchanges. Short and Leveraged single stock ETFs have been very popular in Europe and we’re excited to now bring ETFs on some of the most popular stocks such as Tesla, Coinbase and Apple to the US market.
“Today’s launch is the first step of a broader roll-out of similar products. Product innovations like these give more choice to investors, who, thanks to their ability to access stock markets, data and company news in real time, are better informed than ever before. We believe many of these technology-empowered investors are looking for new ways to take advantage of market opportunities.”
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