How Short & Leveraged ETPs Work
07 Mar, 2023 | GraniteShares
Available for trading on Euronext Paris, Borsa Italiana, London Stock Exchange.
GraniteShares 3x Short 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 short 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 fall by 3%, excluding fees and other adjustments. However, if Moderna falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
GraniteShares -3x Moderna Securities is available in GBP,USD
07 Mar, 2023 | GraniteShares
16 Dec, 2020 | GraniteShares
04 Jul, 2022 | GraniteShares
07 Oct, 2022 | GraniteShares
Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
---|---|---|---|---|---|
Borsa Italiana | EUR | 3SMO | XS2838543614 | BSMMN11 | |
London Stock Exchange | GBP | SOL3 | XS2838543614 | BSMMN33 | |
London Stock Exchange | USD | 3SMO | XS2838543614 | BSMMN22 |
1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
---|
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.