3SNI

3x Short NIO (NIO) ETP

3SNI Product Description

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

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

GraniteShares -3x NIO is available in GBX,USD

What is NIO?

"NIO Inc. is a China-based holding company specializing in the design, development, manufacturing, and sales of premium smart electric vehicles (EVs). The company's product lineup includes electric SUVs such as the ES8, ES6, and EC6, as well as the ET7 smart sedan. NIO is a pioneer in battery swapping technology, offering Power Swap stations that enable users to exchange depleted batteries for fully charged ones. It also develops autonomous driving technologies, including the NIO Autonomous Driving (NAD) system, which features the NIO Adam supercomputing platform and the NIO Aquila sensing system. Beyond EV manufacturing, NIO provides charging infrastructure solutions such as home charging (Power Home), mobile charging (Power Mobile), destination chargers, and a real-time Power Map for public chargers. It also offers repair, maintenance, insurance services, financing, and used vehicle certification (NIO Certified). Originally founded as NextEV Inc. in 2014, the company rebranded to NIO Inc. in 2017. Headquartered in Shanghai, China, NIO continues to expand its presence in the smart EV and energy solutions market." Read more about NIO

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Key Facts

Tickers (Trading Currency)
3SIE (EUR) / 3SIP (GBX) / 3SNI (USD)
ISIN
XS2626290311
Underlying Stock
Leverage Factor
-3x
Base Currency
USD
Total Daily Ongoing Cost
0.0215%
Value per ETP Security as of 27 September 2023
$7.83530635
Dividend
Reinvested
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3x Short NIO (NIO) ETP OVERVIEW

LISTING AND CODES for 3x Short NIO (NIO) ETP

Prices and Codes are affected by the Reverse Split of the Ratio 1:400
Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3SNI XS2626290311 BNDTCN1
London Stock Exchange EUR 3SIE XS2626290311 BNDTCP3
London Stock Exchange GBX 3SIP XS2626290311 BNDTCQ4
Borsa Italiana EUR 3SNI XS2626290311 BNDTCL9

INDEX & PERFORMANCE of 3x Short NIO (NIO) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Short NIO (NIO) ETP

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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