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GraniteShares goes live with three leveraged single stock ETFs on NASDAQ


ETF issuer GraniteShares has listed three new leveraged single-stock Exchange Traded Funds on the NASDAQ Stock Exchange. GraniteShares’ new suite of leveraged single-stock ETFs enables sophisticated investors to take high-conviction positions on some of the most popular stocks, namely Meta NASDAQ:META, Alibaba NYSE:BABA and Nvidia NASDAQ:NVDA.

The GraniteShares 1.5X Long META Daily ETF provides 1.5 times (150%) long exposure to shares of Meta, while the GraniteShares 1.5X Long NVDA Daily ETF offers 1.5 times (150%) long exposure to shares of NVIDIA. GraniteShares 1.75X Long BABA Daily ETF (BABX) offers 1.75 times (175%) long exposure to shares of Alibaba.

Evolution of the ETF market

GraniteShares said 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. GraniteShares’ new suite of leveraged single-stock ETFs expands on the current offering that provides exposure to Tesla, Coinbase and Apple.

“Today’s launch is an expansion of our existing ETF offering that provides exposure to Tesla, Coinbase and Apple,” said William Rhind, Founder and CEO of GraniteShares. “Since launch, we have seen some good uptake in these products, particularly the GraniteShares 1.5X Long COIN Daily ETF that provides leveraged exposure to Coinbase stock.”

GraniteShares pioneered the single stock ETF market in Europe and now has a market leading franchise offering of 106 ETF products on major European exchanges. Short and leveraged single-stock ETFs have been very popular in Europe and the fund manager is now bringing ETFs on some of the most popular stocks to the U.S. market.

Historically, access to leverage on single companies has been the domain of specialists such as hedge funds and CFD and financial spread betting brokers. GraniteShares has removed a key access barrier by making such exposures available on exchange as ETFs, allowing sophisticated investors to express high-conviction views in a transparent, accessible way.

GraniteShares first launched leveraged ETFs on single stocks in the UK in 2019. GraniteShares launched +3X & -3X leveraged single stock ETPs on popular stocks such as Tesla, NIO, Rolls Royce and BP and has since expanded the range of products on offer to 106 listed across all major European markets — UK, France, Italy and Germany.

GraniteShares’ range of products has proven very popular with investors in Europe and the company brings valuable operating experience to the U.S. market.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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