An exchange-traded fund supplier helps buyers make extra bets on Wall Avenue’s most worthwhile momentum trades.
GraniteShares, which debuted its first installment of single-stock ETFs in 2022, now manages 20 of them. It contains the GraniteShares YieldBoost TSLA ETF (TSYY), which launched final month. The fund offers buyers publicity to Tesla.
“That is about an increasing number of individuals taking cost of their very own funds,” GraniteShares CEO William Rhind informed CNBC’s “ETF Edge” this week. “They need to have the ability to actively handle that and possibly try to outperform… That is the place we see issues like leverage, single shares actually taking part in.”
He calls demand “a worldwide phenomenon” as a result of it is not simply a possibility for U.S. buyers.
“Now we have buyers all around the globe that want to the U.S. ETF market first as a result of that is the largest supply of liquidity,” added Rhind. “They’re seeking to the names that they know and love – the Teslas of the world [and] the Nvidias of the world. They’re solely accessible right here within the U.S., and that is why individuals come right here to commerce them.”
However the agency acknowledges the technique is not suited to everybody.
GraniteShares features a disclosure in daring on its web site: “An funding in these ETFs contain vital dangers.”
As of Friday’s shut, Tesla inventory is sort of $100, or about 19%, off its all-time excessive – hit on Dec. 18.
