How Short & Leveraged ETPs Work
07 Mar, 2023 | GraniteShares
Leverage the daily return of Zoom Video Communications Inc (ZM) stocks with 2x Long Zoom ETP . Available for trading on Borsa Italiana, London Stock Exchange.
GraniteShares 2x Long Zoom Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 2x long Zoom Index that seeks to provide 2 times the daily performance of Zoom Video Communications Inc shares.
For example, if Zoom Video Communications Inc rises by 1% over a day, then the ETP will rise by 2%, excluding fees and other adjustments. However, if Zoom Video Communications Inc falls by 1% over a day, then the ETP will fall by 2%, excluding fees and other adjustments.
GraniteShares 2x Long Zoom is available in EUR,GBP,USD
Zoom Video Communications, Inc. operates as a communications technology company. The Company offers an easy-to-use communication platform and solutions for video meetings, phone calls, whiteboarding, and annotation for users to connect with anyone from anywhere. Zoom Video Communications serves customers worldwide.
07 Mar, 2023 | GraniteShares
Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
---|---|---|---|---|---|
Borsa Italiana | EUR | 2LZM | XS2376991654 | ||
London Stock Exchange | GBP | LZM2 | XS2376991654 | BMHWF85 | |
London Stock Exchange | USD | 2LZM | XS2376991654 | BMHW8Z3 |
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.