3x Leverage Alphabet (GOOG) ETP

Leverage the daily return of Alphabet (GOOG) stocks with 3x Long Alphabet ETP. Available for trading on .

3LAL Product Description

GraniteShares 3x Long Alphabet 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 Long Alphabet Inc Index that seeks to provide 3 times the daily performance of Alphabet shares.

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

GraniteShares +3x Alphabet is available in EUR,GBX,USD

What is Alphabet (GOOG)

Alphabet Inc is a holding company created in 2015 following a vast reorganization at Google. Alphabet is Google’s parent company. Alphabets’ subsidiaries offer various services including web-based search, hardware solutions, software applications, enterprise solutions, hardware products, maps, and advertisements. For most, Google was synonymous with a search engine, perhaps also for some mailbox. But since its creation, the group has grown enormously, and by the creation of this holding, not only the other brands of the group can be more visible, but also more efficient: each one is now more autonomous. 

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Key Facts

Tickers (Trading Currency)
3LAL (EUR) / 3LAL (USD) / 3LGE (EUR) / 3LGP (GBX)
Underlying Stock
Leverage Factor
Base Currency
Total Daily Ongoing Cost
Value per ETP Security as of 21 September 2023
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3x Leverage Alphabet (GOOG) ETP OVERVIEW

LISTING AND CODES for 3x Leverage Alphabet (GOOG) ETP

Prices and Codes are affected by the Reverse Split of the Ratio 1:3
Exchange Trading

INDEX & PERFORMANCE of 3x Leverage Alphabet (GOOG) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Leverage Alphabet (GOOG) 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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