3SPO
3x Short Spotify (SPOT) ETP
Available for trading on .
3SPO Product Description
GraniteShares 3x Short Spotify 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 Spotify Index that seeks to provide -3 times the daily performance of Spotify shares.
For example, if Spotify rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Spotify falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
GraniteShares -3x Spotify is available in EUR,GBP,USD
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3x Short Spotify (SPOT) ETP OVERVIEW
LISTING AND CODES for 3x Short Spotify (SPOT) ETP
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INDEX & PERFORMANCE of 3x Short Spotify (SPOT) ETP
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COLLATERAL Details of 3x Short Spotify (SPOT) 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.
