GraniteShares 1.75x Long TSLA Daily ETF Company Overview
GraniteShares 1.75x Long TSLA Daily ETF
About GraniteShares 1.75x Long TSLA Daily ETF
GraniteShares 1.75x Long TSLA Daily ETF (NASDAQ:TSLR) focuses on providing investors with a unique opportunity to amplify their exposure to the daily performance of Tesla shares by 1.75 times. This ETF is designed for those who have a bullish perspective on Tesla, allowing them to potentially magnify their returns on the automotive and energy company's stock movements. GraniteShares is committed to innovating financial products that offer strategic investment options. Its primary objective with this ETF is to cater to investors seeking leveraged exposure to one of the most influential electric vehicle manufacturers in the market, while also managing the increased risks that come with leveraged investing.
What is GraniteShares 1.75x Long TSLA Daily ETF known for?
Snapshot
2023
Year founded
10
Employees
New York, United States
Head office
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Operations
All Locations
New York City, US
Products and/or services of GraniteShares 1.75x Long TSLA Daily ETF
- Tracks a daily index based on Tesla's (TSLA) stock price with 1.75x leverage. This means it aims to deliver 1.75 times the daily return of TSLA stock.
- Provides exposure to Tesla's stock price movement, allowing investors to magnify their gains (or losses) based on Tesla's daily performance.
- Targets short-term returns aligned with daily movements in Tesla's stock price. It's not ideal for long-term investment strategies.
- Leveraged ETF: TSRL uses leverage to amplify the daily returns of TSLA. This means it uses financial instruments like options or swaps to magnify its exposure to Tesla's stock price movement.
- Daily Reset: Unlike some leveraged ETFs that hold positions over multiple days, TSRL resets its leverage daily. This aims to limit the impact of compounding effects, which can significantly magnify volatility over time.