GraniteShares recorded a significant rise in trading to a new record as sophisticated investors increasingly adopted institutional investor strategies.
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Will Rhind, Founder and CEO at GraniteShares
- Most popular 2021 ETPs were Tesla and Rolls Royce
- European assets under management hit $260 million after French and Italian expansion
Total trading hit $1.7 billion last year across its range of products listed on the London Stock Exchange, Euronext and Borsa Italiana compared to $130.7 million in 2020. The most popular trades were GraniteShares 3x Long Tesla and GraniteShares 3x Long Rolls-Royce which saw $581 million and $255 million traded across the year respectively. The majority of investors went long – 76% of investors were long compared with 24% who took short positions.
The boom in trading drove strong increases in assets under management across Europe as GraniteShares expanded.
Assets under management increased to $260 million at the end of 2021 just eight months after hitting the $100 AUM milestone in April last year. The rapid expansion at GraniteShares has been driven by growing demand from sophisticated investors looking for new products to trade the volatile market conditions.
GraniteShares listed its ground-breaking FAANG, GAFAM and FATANG ETPs on Borsa Italiana in December as well as leveraged single stock ETPs offering long and short daily leveraged exposure on the largest individual US stocks Amazon, Apple, Google, Facebook, Microsoft, NVIVIDA, Tesla and Uber.
It achieved record levels of trading in its leveraged and short LSE listed ETPs throughout 2021. In Q3 2021, $308 million was traded, a 43% increase compared to the volume seen in Q4 of 2020 and the busiest quarter was Q4 with $593 million.
GraniteShares is the first to launch leveraged single stock ETPs on Borsa Italiana with 3x short and 3x long products available across eight leading US stocks and product launches last year included the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor.
Will Rhind, Founder and CEO at GraniteShares said: “Trading volumes across our range of products in Europe is increasing rapidly as the ongoing COVID-19 crisis leads to volatility creating opportunities for investors to go long or short particular stocks which have been either hit by the pandemic or have benefited from it.
“Healthcare stocks and financial stocks have been among the top performers while tech stocks and Tesla in particular continue to attract strong interest from investors.
“In addition, there has been a general increase in interest in trading throughout the pandemic and a switch as sophisticated investors increasingly adopt strategies which used to be exclusive to institutional investors.”
GraniteShares offers 54 exchange traded products (ETPs) listed on the London Stock Exchange and 62 on Euronext. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and French markets.
Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google
ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.
Source: ETFWorld.co.uk
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