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3STS

LSE
0.093000002 USD
0.0063
6.30%
Last update May 16, 4:28 PM BST
Market closed
Day range
0.090999998
0.098999999
Previous close
0.099250004
Open
0.097000003
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GraniteShares 3x Short Tesla ETP
0.09
0.01
6.30%

Overview

Description

The GraniteShares 3x Short Tesla ETP is an Exchange Traded Product that provides investors with a means to profit from a decline in Tesla's stock price. Specifically designed to offer a leveraged inverse exposure, this ETP aims to deliver three times the daily inverse performance of Tesla's stock. Thus, if Tesla's share price decreases, this product should theoretically increase at a rate proportionate to its leverage factor, minus applicable fees and adjustments. This financial instrument is part of a broader category of leveraged and inverse ETPs that allow sophisticated investors to tactically manage their market exposure or hedge existing portfolios. It is pivotal in meeting the needs of those seeking to fine-tune their equity strategies in response to perceived overvaluations or market corrections. Notably, this ETP is targeted towards experienced market participants due to its complex nature and the inherent risks associated with leveraged investments. As part of GraniteShares' suite of innovative financial products, the 3x Short Tesla ETP plays a significant role in providing flexible solutions for dynamic trading environments.

About

CEO
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0
Address
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Website
Instrument type
Common stock
Sector
Industry
Country
United Kingdom
MIC code
XLON
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 20 hours 40 minutes

10:34
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
07:15 - 08:00
Main market
08:00 - 16:30
Post-market
16:30 - 17:15
All times are displayed in the Europe/London timezone (BST, UTC+01:00).