Fact Sheet
How Short & Leveraged ETPs Work
07 Mar, 2023 | GraniteShares
2LZM
2x Leverage Zoom (ZM) ETP
Leverage the daily return of Zoom Video Communications Inc (ZM) stocks with 2x Long Zoom ETP . Available for trading on Borsa Italiana, London Stock Exchange.
2LZM Product Description
GraniteShares 2x Long Zoom Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 2x long Zoom Index that seeks to provide 2 times the daily performance of Zoom Video Communications Inc shares.
For example, if Zoom Video Communications Inc rises by 1% over a day, then the ETP will rise by 2%, excluding fees and other adjustments. However, if Zoom Video Communications Inc falls by 1% over a day, then the ETP will fall by 2%, excluding fees and other adjustments.
GraniteShares 2x Long Zoom is available in EUR,GBP,USD
Key Facts
Related Products
Related Research
2x Leverage Zoom (ZM) ETP OVERVIEW
ETP SECURITY OVERVIEW
Base Currency
USD
Listing Date
10 Jan 2022
Dividend Treatment
Reinvested
Exchange Ticker
2LZM (EUR) / 2LZM (USD) / LZM2 (GBP)
Index Name
Solactive Daily Leveraged 2x long Zoom Index
DAILY PERFOMANCE (AS OF 25 Sep 2023)
Value Per ETP Security
0.42538717 USD
Daily Change
-0.00277000 USD
Daily Return
-0.65%
AUM
256,083 USD
STRUCTURE
Structure
ETP
Replication Method
Synthetic
Domicile
Ireland
ACCOUNT ELEGIBILITY AND TAX STATUS
ISA
Eligible
SIPP
Eligible
UK Reporting Status
Pending
KEY SERVICE PROVIDERS
Issuer
GraniteShares Financial Plc
Issuing and Paying Agent
The Bank of New York Mellon, London Branch
Trustee
BNY Mellon Corporate Trustee Services Ltd
Swap Provider
Natixis
Swap Collateral Custodian
The Bank of New York Mellon SA/NV
Auditor
Grant Thornton
REGISTERED COUNTRIES
UK
Ireland
PASSPORTED COUNTRIES
Belgium
Finland
France
Germany
Italy
Netherlands
Portugal
Spain
Sweden
LISTING AND CODES for 2x Leverage Zoom (ZM) ETP
| Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | 2LZM | XS2376991654 | ||
| London Stock Exchange | GBP | LZM2 | XS2376991654 | BMHWF85 | |
| London Stock Exchange | USD | 2LZM | XS2376991654 | BMHW8Z3 |
INDEX & PERFORMANCE of 2x Leverage Zoom (ZM) ETP
INDEX DETAILS
Index Name
Solactive Daily Leveraged 2x long Zoom Index
Base Trading Currency
USD
Index Provider
Solactive
Index Ticker
DE000SL0EPE6
Leverage Factor
2x
Download performance history
View performance chart| 1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
|---|
COLLATERAL Details of 2x Leverage Zoom (ZM) ETP
Collateral Coverage Ratio
100%
Collateralised
Yes
Collateral Custodian
The Bank of New York Mellon SA/NV
Understanding Collateral
Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.
