3SRI

3x Short Rio Tinto (RIO) ETP


Available for trading on London Stock Exchange.

3SRI Product Description

GraniteShares 3x Short Rio Tinto 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 Rio Tinto plc Index that seeks to provide -3 times the daily performance of Rio Tinto plc shares.

For example, if Rio Tinto plc rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Rio Tinto plc falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.

What is Rio Tinto (RIO)?

Rio Tinto (LSE: RIO) is an Anglo-Australian multinational mining group, mainly established in Australia where one of its two headquarters is located (the other one is in London) and in North America. The group is present in many countries on five continents, but its mining assets are mainly concentrated in Australia and Canada. Aluminum and iron are the activities representing the most turnover for the company with more than 65% of the turnover. Rio Tinto has also had many environmental scandals since 1888, the latest occured in 2020.

Rio Tinto (LSE: RIO) main competitors are BHP Billiton and Glencore.

Download
  Fact Sheet
  Prospectus
  KID

Key Facts

Tickers (Trading Currency)
3SRI
ISIN
XS2596086350
Underlying Stock
Leverage Factor
-3x
Base Currency
GBP
Total Daily Ongoing Cost
0.0105%
Value per ETP Security as of 27 September 2023
£24.01112432
Dividend
Reinvested
Best ETP Provider

Related Products

3x Short Rio Tinto (RIO) ETP OVERVIEW

LISTING AND CODES for 3x Short Rio Tinto (RIO) ETP

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange GBX 3SRI XS2596086350 BQXR5P9

INDEX & PERFORMANCE of 3x Short Rio Tinto (RIO) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Short Rio Tinto (RIO) 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.

You may also be interested in the following GraniteShares ETPs...