The exchange-traded fund provider helps investors bet more on the most profitable trading swings on Wall Street.
GraniteShares, which debuted its first tranche of single-stock ETFs in the in 2022now manages 20 of them. This includes GraniteShares YieldBoost TSLA ETF (TSYY)which was launched last month. The fund gives investors exposure to Tesla.
“This is about more and more people taking control of their own finances,” GraniteShares CEO William Rhind told CNBC “ETF edge” this week. “They want to be able to actively manage that and maybe try to outperform… That’s where we see things like leverage, individual stocks really come into play.”
He calls the demand a “worldwide phenomenon” because it’s not just an opportunity for American investors.
“We have investors all over the world looking to the US ETF market first because it’s the biggest source of liquidity,” Rhind added. “They are looking for names they know and love – the Teslas of the world [and] the Nvidiafrom the world. They’re only available here in the US and that’s why people come here to trade them.”
But the company admits the strategy isn’t right for everyone.
GraniteShares includes a bold disclosure on its website: “Investing in these ETFs involves significant risks.”
As of Friday’s close, Tesla shares were nearly $100, or about 19%, off their all-time high — reached on Dec. 18.
