Overview
Description
GraniteShares 1.25 Long TSLA ETF is an exchange-traded fund designed to provide investors with leverage on Tesla, Inc.'s stock without purchasing the shares outright. This ETF attempts to deliver 1.25 times the daily percentage movement of Tesla’s stock price, achieving higher exposure through derivatives and/or debt instruments. The product is tailored for sophisticated investors aiming to amplify returns from fluctuations in Tesla's market value over a single trading day, thereby not suitable for long-term holding due to potential compounding effects. GraniteShares 1.25 Long TSLA ETF allows investors to capitalize on short-term bullish movements in the electric vehicle sector, reflecting Tesla's prominent role. As a part of GraniteShares' innovations in leveraged and inverse ETFs, this asset plays a critical role among products offering tactical trading tools in the market.
About
Address
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Phone
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Website
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Instrument type
ETF
Country
United States
MIC code
XNGS