3SZN
3x Short Amazon (AMZN) ETP
Available for trading on .
3SPE Product Description
GraniteShares 3x Short Amazon 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 Amazon.com Inc Index that seeks to provide -3 times the daily performance of Amazon shares.
For example, if Amazon rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Amazon falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
GraniteShares -3x Amazon is available in EUR,GBX,USD
What is Amazon (AMZN)
Amazon is an online retailer and manufacturer of books, an electronic book reader called Kindle headquartered in Seattle, United States. The Web service provider of the company became one of the iconic examples of electronic commerce. It is known worldwide as a leader in this market, and incidentally the largest company in the world. Even though most of the products sold are sold by Amazon, there are also a lot of third-party sellers on the site. They have turned the table on online shopping experience for customers but online selling of goods and services. Beyond online sales, the company is also present in music streaming (Amazon Music), video on demand (Amazon Prime TV), or cloud computing (Amazon Web Service - AWS). Amazon offers an array of downloadable and streaming content through Amazon Prime Videos.
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3x Short Amazon (AMZN) ETP OVERVIEW
LISTING AND CODES for 3x Short Amazon (AMZN) ETP
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INDEX & PERFORMANCE of 3x Short Amazon (AMZN) ETP
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COLLATERAL Details of 3x Short Amazon (AMZN) 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.
