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.
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No recent news for GraniteShares 1.25x Long Tsla Daily ETF.