TSL
GraniteShares 1.25x Long TSLA Daily ETF
📎 Investment Objective
The GraniteShares 1.25x Long TSLA Daily ETF (TSL) seeks to provide daily investment results that correspond to 1.25 times (125%) the daily performance of the common stock of Tesla, Inc. (TSLA).
Overview
ETF tracking GraniteShares 1.25x Long TSLA Daily ETF
Performance
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Investment Summary
📎 Investment Objective
The GraniteShares 1.25x Long TSLA Daily ETF (TSL) seeks to provide daily investment results that correspond to 1.25 times (125%) the daily performance of the common stock of Tesla, Inc. (TSLA).
🎯 Investment Strategy
The ETF uses a combination of financial instruments, such as derivatives and leveraged positions, to aim for the 1.25x daily return of the TSLA stock. It does not seek to achieve its investment objective over periods longer than a single day.
✨ Key Features
- Provides 1.25x daily leveraged exposure to Tesla, Inc. stock performance
- Resets leverage daily, so longer-term returns may differ from 1.25x the TSLA stock
- Relatively low assets under management and expense ratio of 0.00%
- Limited performance history, with no 1-year, 3-year or 5-year returns available
⚠️ Primary Risks
- Significant daily volatility and potential for large losses due to leverage
- Tracking error risk, as the fund may not perfectly match 1.25x the daily TSLA return
- Concentration risk, as the fund is solely focused on a single stock
- Liquidity risk due to low assets under management
👤 Best For
This ETF is best suited for experienced, risk-tolerant investors seeking short-term, speculative exposure to Tesla's stock performance. It is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.