How Short & Leveraged ETPs Work
07 Mar, 2023 | GraniteShares
Available for trading on London Stock Exchange.
GraniteShares 3x Short AstraZeneca 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 AstraZeneca PLC Index that seeks to provide -3 times the daily performance of AstraZeneca PLC shares.
For example, if AstraZeneca PLC rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if AstraZeneca PLC falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
AstraZeneca (LON: AZN) is a Swedish-British pharmaceutical company formed through the merger of the Swedish company Astra and the British company Zeneca in 1999. AstraZeneca is active in eight major therapeutic areas: diabetes, anesthesiology, cardiology, infectious diseases, gastroenterology, oncology, neurology, pulmonology and immunology. It is notably known for having developed a vaccine against the Coronavirus used in many countries.
07 Mar, 2023 | GraniteShares
16 Dec, 2020 | GraniteShares
04 Jul, 2022 | GraniteShares
07 Oct, 2022 | GraniteShares
Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
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London Stock Exchange | GBX | 3SAZ | XS2703639117 | BQ2JKV7 |
1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
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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.