Notable companies
The most notable companies in this group are Tesla (NASDAQ:TSLA).
Industry description
The investment seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Tesla Inc.
The fund is an actively managed etf that attempts to replicate 1.25 times (125%) the daily percentage change of the underlying stock by entering into a swap agreement on the underlying stock. The adviser will enter into one or more swap agreements with major financial institutions for a specified period ranging from a day to more than one year whereby the adviser and the financial institution will agree to exchange the return earned or realized on the underling stock. It is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the GraniteShares 1.25x Long Tsla Daily ETF ETF was 11%. For the same ETF, the average monthly price growth was 71%, and the average quarterly price growth was 111%. TSLA experienced the highest price growth at 9%, while TSLA experienced the biggest fall at 9%.