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GraniteShares

Articles

Topic: Industrials

Publication Type: Articles

EARLY TERMINATION OF GRANITESHARES 3X SHORT ROLLS-ROYCE DAILY ETP (3SRR) DUE TO THE EXTREME MOVE IN THE ROLLS-ROYCE SHARE PRICE

November 12, 2020 | GraniteShares

GraniteShares 3x Short Rolls-Royce 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 Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index). In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%. On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.

Topic: Industrials

Publication Type: Articles

Important Information – 3SRR

November 11, 2020 | GraniteShares
GraniteShares 3x Short Rolls-Royce 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 Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index). In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%. On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.

The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.

Topic: Industrials

Publication Type: Articles

3SRR – Early Redemption Event

November 10, 2020 | GraniteShares
The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.

As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).

Topic: Industrials

Publication Type: Articles

Rolls-Royce ETP values

October 30, 2020 | GraniteShares
As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).

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