GraniteShares ETP lists one new ETF on LSE

GraniteShares ETP  lists one new ETF on London Stock Exchange

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By ETFWorld.co.uk

Will Rhind, Founder and CEO at GraniteShares

GraniteShares 3x Long Rolls-Royce Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Long Rolls-Royce Holdings plc Index that seeks to provide 3 times the daily performance of Rolls-Royce Holdings plc shares.

For example, if Rolls-Royce Holdings plc rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Rolls-Royce Holdings plc falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.

What is Rolls-Royce(RR)?

Rolls-Royce (LON: RR) is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 that today designs, manufactures and distributes power systems for aviation and other industries.

Their range of products goes from advanced technologies for defence businesses as well as land, naval, aerospace, submarines, and services. It is the world’s second-largest aircraft engine maker and has major marine propulsion and energy businesses. In 2018, Rolls Royce became the 16th defence contractor in terms with when measured by defence revenues. The company is listed on the London Stock Exchange and is a part of the FTSE 100 Index.

Source: ETFWorld.co.uk