3LMO
3x Leverage Moderna Securities (MRNA) ETP
Leverage the daily return of Moderna (MRNA) stocks with 3x Long Moderna ETP Securities. Available for trading on .
3LMO Product Description
GraniteShares 3x Long Moderna Daily ETP Securities is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x long Moderna Index that seeks to provide 3 times the daily performance of Moderna shares.
For example, if Moderna rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Moderna falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.
GraniteShares +3x Moderna Securities is available in EUR,GBP,USD
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3x Leverage Moderna Securities (MRNA) ETP OVERVIEW
LISTING AND CODES for 3x Leverage Moderna Securities (MRNA) ETP
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INDEX & PERFORMANCE of 3x Leverage Moderna Securities (MRNA) ETP
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COLLATERAL Details of 3x Leverage Moderna Securities (MRNA) 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.
