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GraniteShares

3LTS

GraniteShares 3x Long Tesla Daily ETP

Product Description

GraniteShares 3x Long 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 Long Tesla Inc Index that seeks to provide 3 times the daily performance of Tesla Inc shares.

For example, if Tesla Inc rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Tesla Inc falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.

This product is available in USD, EUR, GBX

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Key Facts

  Fact Sheet
  Fact Sheet
  KID
Ticker
3LTS (USD) / 3LTE (EUR) / 3LTP (GBX)
Underlying Stock
Tesla Inc
Leverage Factor
+3x
Base Currency
USD
Total Daily Ongoing Cost
0.0082%
Value per ETP Security as of 13 May 2021
$24.30847982
Dividend
Reinvested
Granite Shares

Overview

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LTS XS2193972598 BM97GK7
London Stock Exchange EUR 3LTE XS2193972598 BKVCT52
London Stock Exchange GBX 3LTP XS2193972598 BKVCV56
1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3LTS Return 6.89% -54.11% -33.18% - - 987.83%
Benchmark Return 0.98% -50.38% -25.61% - - 1023.25%

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.

Overview

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LTS XS2193972598 BM97GK7
London Stock Exchange EUR 3LTE XS2193972598 BKVCT52
London Stock Exchange GBX 3LTP XS2193972598 BKVCV56

1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3LTS Return 6.89% -54.11% -33.18% - - 987.83%
Benchmark Return 0.98% -50.38% -25.61% - - 1023.25%

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.

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