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GRANITESHARES 3X SHORT ETPS SEE TRADING SURGE BY 166% AMID JANUARY SELL-OFF

GRANITESHARES 3X SHORT ETPS SEE TRADING SURGE BY 166% AMID JANUARY SELL-OFF

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Topic: Technology

GRANITESHARES 3X SHORT ETPS SEE TRADING SURGE BY 166% AMID JANUARY SELL-OFF

  • Most popular Short ETPs were Tesla (3STS) and NIO (3SNI)
  • Assets under management in 3X Short ETPs increased by more than 50%

January 31st, 2022 – ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK, US, and European Stocks, has seen a 166% rise in trading in its range of short ETPs on popular stocks amid the recent market sell off.

2022 has started with steep declines in major markets. The worst start to a year for the S&P500 Index since 1920, measured at the intraday low on January 24th. The S&P500 is down 9% so far in January and is on course for its worst monthly performance since March 2020, the nadir of the COVID-19 market crash. The VIX, Wall St’s volatility gauge, hit its highest levels since November 2020.

To date, investors have been selling more speculative assets such as unprofitable technology companies, Cryptocurrencies and Meme stocks.

GraniteShares range of Short ETPs, which are designed to rise in value when the underlying stock or index falls, are seeing a surge of interest as sophisticated investors seek to hedge portfolios against market falls. The most active short ETPs have been TESLA (3STS) , NIO (3SNI) , NVIDIA (3SNV), UBER (3SUB) & META (3SFB)

Will Rhind, Founder and CEO at GraniteShares said: “The surge in trading volumes we’ve witnessed on our Short ETPs in January demonstrates increasing willingness by sophisticated investors to take action in volatile markets to hedge risk or to profit from falling prices”

“Short ETPs are fast becoming a popular product in the sophisticated active investor toolkit as they provide the flexibility needed to help navigate volatile market swings on both the long and short sides.”

Total trading at GraniteShares hit $1.7 billion last year across its range of products listed on the London Stock Exchange, Euronext and Borsa Italiana compared to $130.7 million in 2020. The most popular trades were GraniteShares 3x Long Tesla (3LTS) and GraniteShares 3x Long Rolls-Royce (3LRR) which saw $581 million and $255 million traded across the year, respectively. The majority of investors went long with 76% of investors holding long positions compared with 24% who took short positions.

Assets under management increased to $260 million at the end of 2021 just eight months after hitting the $100 AUM milestone in April last year. The rapid expansion at GraniteShares has been driven by growing demand from sophisticated investors looking for new products to trade the volatile market conditions.

It achieved record levels of trading in its leveraged and short LSE listed ETPs throughout 2021. In Q3 2021, $308 million was traded, a 43% increase compared to the volume seen in Q4 of 2020 and the busiest quarter was Q4 with $593 million.

GraniteShares is the first to launch leveraged single stock ETPs on Borsa Italiana with 3x short and 3x long products available across eight leading US stocks and product launches last year included the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor.

GraniteShares offers a total of 89 exchange traded products (ETPs) listed on the London Stock Exchange, Euronext Paris, and the Italian Stock Exchange. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and European markets.

Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google 

ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.

 

GraniteShares suite of ETPs on FAANG stocks

Product Name Ticker

GraniteShares FAANG ETP

FANG

GraniteShares GAFAM ETP

GFAM

GraniteShares FATANG ETP

FTNG

 

Leveraged ETPs on FAANG indices

Underlying Index +3x Long -3x Short  -1x Short

FAANG

3FNG

3SFG

SFNG

GAFAM

3GFM

3SGF

SGFM

FATANG

3FTG

3SFT

SFTG

 

UK Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

AstraZeneca

3LAZ

3SAZ

BAE Systems

3LBA

3SBA

Barclays

3LBC

3SBC

BP

3LBP

3SBP

Diageo

3LDO

3SDO

Glencore

3LGL

3SGL

Lloyds Banking Group

3LLL

3SLL

Rio Tinto

3LRI

3SRI

Royal Dutch Shell

3LRD

3SRD

Rolls-Royce

3LRR

3SRR

Vodafone

3LVO

3SVO

 

US Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

Alphabet

3LAL

3SAL

Amazon

3LZN

3SZN

Apple

3LAP

3SAP

Facebook

3LFB

3SFB

Microsoft

3LMS

3SMS

Netflix

3LNF

3SNF

NIO

3LNI

3SNI

NVIDIA

3LNV

3SNV

Tesla

3LTS

3STS

Uber

3LUB

3SUB

 

Capital at risk

-Ends-

 

Notes to editors:

For further information please call Phil Anderson at Perception A on 07767 491 519 / 07983 335 021.

Data range: December 6-10 vs January 17-21

GraniteShares: A brief history

GraniteShares is an entrepreneurial ETP provider focused on providing professional investors with innovative, cutting-edge investment solutions. We believe the future of investing lies at the nexus of alternative thinking, low fees, and disruptive product structures—the core of our high conviction philosophy. Backed by Bain Capital Ventures, we launched our first product in 2017 and are now among the fastest growing ETP issuers with over $1.6 Billion in assets under management* spanning a full array of investment strategies.

This press release is issued by GraniteShares Limited. GraniteShares Limited (FRN 798443) is an appointed representative of Kroll Securities Ltd. (FRN 466588) which is authorised and regulated by the Financial Conduct Authority.

ETPs are issued by GraniteShares Financial PLC, a company incorporated in Ireland.

Investing in GraniteShares ETPs on U.S. listed stocks

Those trading GraniteShares new US leverage and inverse ETPs will not need to complete a W-8BEN form (US Department of the Treasury, Internal Revenue Service, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting).

The ETPs can be held in self-select ISAs and SIPPs.

There is no margin requirement and losses cannot exceed the amount invested.

Graniteshares

GraniteShares

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3LAL 3LAP 3LZN 3LMS 3LFB 3LTS 3LNF 3LNV 3LVO 3SFB 3LRD
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