London Stock Exchange welcomes GraniteShares short and leveraged single stock daily ETPs

GraniteShares, the U.S. based ETF provider, has entered the European market with the launch of a platform of short and leveraged single stock daily Exchange Traded Products (ETPs) listed on London Stock Exchange.

GraniteShares launched in the US in 2016, with an initial focus on shaking up the commodity investment space. Today its offering in the US ranges from low-cost access to gold to high income and disruptive equity investing. GraniteShares is led by William “Will” Rhind, Founder and CEO, and backed by Bain Capital and other well-known ETF investors. The company has offices in New York and London. GraniteShares’ assets under management stood at US$697.2 million / £538.7 million at 31 October 2019.

The listing of the short and leveraged single stock ETPs on London Stock Exchange is a European first. The collateralised ETPs track indices taken from Solactive’s new Single Stock Leverage Index Family exclusively.

The daily short and leveraged single stock ETPs provide exposure to a selection of major UK companies listed on London Stock Exchange:

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

 

 


Will Rhind, Founder and CEO at GraniteShares commented: “At GraniteShares we're giving active investors access to a new type of investment that didn't exist before. We’re proud to bring this innovation to the UK market by listing on London Stock Exchange. The convenience and transparency provided by ETPs means that investors with the appetite and experience to use leverage can trade through investment platforms rather than having to open a margin account. At a time when it has become statistically harder and harder to actually make money in the markets and outperform, GraniteShares is giving investors the ability to express very focused views, both long and short, on popular UK stocks through ETPs.
Product innovations like these give more choice to investors, who thanks to their ability to access market data and company news in real time, are better informed than ever before. Our research has shown that many of these technology-empowered investors are looking for new ways to take advantage of market opportunities.”

Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “As market uncertainty rises, investors require advanced strategies to react to market changes quickly and efficiently. Solactive’s Single Stock Leverage Index Family offers investors a straightforward approach to achieve their positioning targets. We are delighted to find a partner in GraniteShares that shares our ambition to push the boundaries of index - based investment once more.”

Lida Eslami, Head of Business Development, ETPs, London Stock Exchange commented: “We are delighted to welcome GraniteShares as a new ETP issuer on our market, bringing twenty two 3X long and short daily ETPs. With over 1500 ETPs and average daily turnover of over £400 million, London Stock Exchange offers a diverse product range and deep pool of liquidity to investors.”

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
06 Nov 2019
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