3x Short AstraZeneca (AZN) ETP

Available for trading on London Stock Exchange.

3SAZ Product Description

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.

What is AstraZeneca(AZN)

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.

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Key Facts

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Value per ETP Security as of 26 September 2023
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3x Short AstraZeneca (AZN) ETP OVERVIEW

LISTING AND CODES for 3x Short AstraZeneca (AZN) ETP

Exchange Trading
London Stock Exchange GBX 3SAZ XS2703639117 BQ2JKV7

INDEX & PERFORMANCE of 3x Short AstraZeneca (AZN) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Short AstraZeneca (AZN) 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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