GraniteShares has seen a 166% rise in trading in its range of short ETPs on popular stocks amid the recent market sell off, and as part of this a surge in visits to its website from South Korean investors.
Sign up to our free newsletters
Will Rhind, Founder and CEO at GraniteShares
This is despite the fact that its short and leveraged ETPs are only listed in Europe.
GraniteShares says it now receives more interest in its ETPs from South Korean investors than most other countries. Specifically, Korea registered fourth in total global website traffic year to date behind the United States, UK and Italy. Data from Graniteshares shows most popular products for South Korean investors are 3X Leveraged Tesla, both 3X Long ETP (3LTS) and 3X Short (3STS). Other popular products have been NIO (3LNI) and NVIDIA (3LNV)
Total trading at GraniteShares 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 (3LTS) and GraniteShares 3x Long Rolls-Royce (3LRR) which
2022 has started with steep declines in major markets. The increase in Graniteshares ETP trading was part of the broader global surge in Leveraged and inverse ETPs as assets hit a record high of $125.5bn at end of December 2021 according to research firm ETFGI.
Will Rhind, Founder and CEO at GraniteShares said: “The surge in trading volumes we’ve witnessed on our Short ETPs in January demonstrates increasing willingness by sophisticated investors to take action in volatile markets to hedge risk or to profit from falling prices.”
However, what has really surprised us is the interest in our range of ETPs from investors based in South Korea – even though our products are not listed there. It is one indicator that ETPs on popular stocks such as Tesla truly have global appeal”.
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
