GraniteShares continues single-stock ETF trend with offerings for TSLA, AAPL and COIN
AlexSecret

GraniteShares has unveiled a new lineup of single-stock exchange traded funds tied to Apple (NASDAQ:AAPL), Coinbase (NASDAQ:COIN) and Tesla (NASDAQ:TSLA). These offerings represent the latest entries in a growing field that gives investors leveraged and inverse exposure to popular stocks.
The new single-stock ETFs include the GraniteShares 1.25x Long TSLA Daily ETF (NASDAQ:TSL), GraniteShares 1x Short TSLA Daily ETF (TSLI), GraniteShares 1.75x Long AAPL Daily ETF (AAPB) and the GraniteShares 1.5x Long COIN Daily ETF (CONL).
According to GraniteShares, the ETFs are intended to provide investors short or leveraged exposure to the daily price moves of a single stock. Each fund invests in financial instruments, such as swap agreements, that provide leveraged and inverse exposure to the underlying stock.
All four funds have expense ratios of 1.15%.
Tuesdayâs stock price action on ETFs underlying names: TSLA -3.1%, AAPL +0.2%, COIN -9.4%.
GraniteSharesâ new lineup will find itself going head-to-head with AXS Investments, which also offers Wall Street a string of single stock leveraged and inverse ETFs.