The exchange-traded fund provider helps investors make more bets on Wall Street's most profitable momentum trades.
GraniteShares, which launched its first batch of single-stock ETFs in 2022He now manages 20 of them. It includes GraniteShares YieldBoost TSLA ETF (TSYY)Which was launched last month. The fund gives investors exposure to Tesla.
“It's about more and more people taking charge of their finances,” William Rhind, CEO of GraniteShares, told CNBC. “Edge ETF” this week. “They want to be able to actively manage that and maybe try to outperform…and that's where we see things like leverage, individual stocks really come into play.”
He describes the demand as a “global phenomenon” because it is not just an opportunity for American investors.
“We have investors around the world looking to the US ETF market first because it is the largest source of liquidity,” Rind added. “They're looking to the names they know and love — the Teslas of the world (and). Nvidiathe world. “It's only available here in the United States, so that's why people come here to trade it.”
But the company admits that the strategy is not suitable for everyone.
GraniteShares includes a bolded disclosure on its website: “Investing in these ETFs involves significant risk.”
As of Friday's close, Tesla's stock price was down about $100, or about 19%, from its all-time high — which it hit on December 18.
