3SAP
3x Short Apple (AAPL) ETP
Available for trading on .
3SAE Product Description
GraniteShares 3x Short Apple 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 Apple Inc Index that seeks to provide -3 times the daily performance of Apple shares.
For example, if Apple rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Apple falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
GraniteShares -3x Apple is available in EUR,GBX,USD
What is Apple (AAPL)?
Apple is an American multinational company based in California that creates and markets electronic products, computers and software. The company's flagship products include the iPhone, the iPad, and the Macbook computer. Apple stores are present in 25 countries, and their website delivers to more than 39 countries. Apple products are nevertheless known worldwide, thanks to a strong marketing strategy based on innovation, original advertising, ergonomics, aesthetics of their products, and a remarkable sales and after-sales service. It is with this strategy that Apple has succeeded in making its customers identify with the brand and above all in building their loyalty.
Apple Q3 Earning Report FY23
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3x Short Apple (AAPL) ETP OVERVIEW
LISTING AND CODES for 3x Short Apple (AAPL) ETP
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INDEX & PERFORMANCE of 3x Short Apple (AAPL) ETP
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COLLATERAL Details of 3x Short Apple (AAPL) 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.
