GraniteShares Launches New Short & Leveraged Stock ETFs
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GraniteShares Expands Its Short & Leveraged ETF Range
GraniteShares, a leading ETF issuer renowned for its high-conviction investment products, has recently expanded its offerings with the launch of three new short and leveraged single-stock ETFs. This latest addition brings GraniteShares' total number of short and leveraged ETFs to 16, reinforcing its position in the dynamic ETF market.
Introducing New ETFs
The newly launched ETFs are designed to replicate either +2X or -1X the daily performance of their specific underlying stocks. The highlights of these exciting new products include:
GraniteShares 2X Long PLTR Daily ETF
This ETF focuses on Palantir Technologies (PLTR) and aims to double the daily performance of this innovative data analytics firm. It's symbolized by the ticker PTIR.
GraniteShares 2X Long UBER Daily ETF
Designed to leverage the performance of UBER Technologies (UBER), this ETF is represented by the ticker UBRL. This product allows investors to capitalize on the growth potential of the ride-sharing giant.
GraniteShares -1X Short COIN Daily ETF
The third offering targets Coinbase (COIN), enabling investors to benefit from short-selling positions through the ticker CONI. This product represents a strategic way to trade against the cryptocurrency exchange's price movements.
Growth and Innovation
GraniteShares has seen remarkable growth, surpassing $8 billion in assets under management across its ETF platform. This growth has been supported by innovative product launches and a commitment to meeting the evolving needs of traders.
A Pioneer in the ETF Space
Since its introduction of leveraged ETFs in the UK in 2019, GraniteShares has been a trailblazer in the single-stock ETF market, becoming one of the first to launch these types of products in the U.S. in August 2023. Today, it proudly operates one of the largest and most successful franchises in the industry.
Leadership Insight
Will Rhind, Founder and CEO of GraniteShares, stated, "Leveraged single-stock ETFs have taken off in the U.S. market cementing themselves as one of the most exciting ETF categories. These new launches reflect our commitment to providing traders with products they love.”
Contact and Company Information
For further inquiries, you can reach out to:
Media Contact:
Gregory FCA for GraniteShares
Te’a Gray
Phone: 203-815-4514
Email: graniteshares@gregoryfca.com
About GraniteShares
GraniteShares is a globally recognized investment firm based in New York City. The company is dedicated to creating and managing innovative ETFs and emphasizes low fees, disruptive product structures, and alternative investment strategies. Founded in 2017, it quickly rose to become a significant player in the leveraged single-stock ETF space, boasting over $8 billion in assets under management.
Frequently Asked Questions
What are the new ETFs launched by GraniteShares?
GraniteShares has launched three new short and leveraged ETFs focused on Palantir, UBER, and Coinbase.
What does the +2X or -1X indicate for these ETFs?
The +2X denotes the aim to double the daily performance of the underlying stock, whereas -1X indicates a strategy to profit from declines in stock value.
How many total ETFs does GraniteShares now offer?
With these new launches, GraniteShares now offers a total of 16 short and leveraged ETFs.
Where is GraniteShares headquartered?
GraniteShares is headquartered in New York City and specializes in ETF management.
Who is the CEO of GraniteShares?
Will Rhind is the Founder and CEO of GraniteShares, advocating for innovative ETF products for traders.
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