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GraniteShares

3SAP

GraniteShares 3x Short Apple Daily ETP

Product Description

GraniteShares 3x Short Apple 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 Short Apple Inc Index that seeks to provide -3 times the daily performance of Apple shares.

For example, if Apple rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Apple falls by 1% over a day, then the ETP will rise 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
3SAP (USD) / 3SAE (EUR) / 3SWP (GBX)
Underlying Stock
Apple
Leverage Factor
-3x
Base Currency
USD
Total Daily Ongoing Cost
0.0063%
Value per ETP Security as of 13 May 2021
$0.89854404
Dividend
Reinvested
Granite Shares

Overview

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3SAP XS2193970030 BM97G85
London Stock Exchange EUR 3SAE XS2193970030 BKVCSW2
London Stock Exchange GBX 3SWP XS2193970030 BKVCTW9
1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3SAP Return -26.11% -20.84% -21.67% - - -84.24%
Benchmark Return -20.08% -20.38% -15.32% - - -83.93%

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 3SAP XS2193970030 BM97G85
London Stock Exchange EUR 3SAE XS2193970030 BKVCSW2
London Stock Exchange GBX 3SWP XS2193970030 BKVCTW9

1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3SAP Return -26.11% -20.84% -21.67% - - -84.24%
Benchmark Return -20.08% -20.38% -15.32% - - -83.93%

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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