Everything You Need to Know About ETPs
16 Dec, 2020 | GraniteShares
Leverage the daily return of AstraZeneca PLC (AZN) stocks with 3x Long AstraZeneca ETP. Available for trading on London Stock Exchange.
GraniteShares 3x Long 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 Long 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 rise by 3%, excluding fees and other adjustments. However, if AstraZeneca PLC falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.
AstraZeneca PLC operates as a holding company. The Company, through its subsidiaries, researches, manufactures, and sells pharmaceutical and medical products. AstraZeneca focuses its operations on eight therapeutic areas, including gastrointestinal, oncology, cardiovascular, respiratory, central nervous system, pain control, anaesthesia, and infection.
16 Dec, 2020 | GraniteShares
Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
---|---|---|---|---|---|
London Stock Exchange | GBX | 3LAZ | XS2712624779 | BNV0BR3 |
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.