Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing
Vildana Hajric - Bloomberg
Single-stock exchange-traded funds made a splash in the industry when they debuted last year. Now one issuer is hoping to double the existing lineup.
GraniteShares is looking to launch 32 new funds focused on providing investors leveraged daily exposure to certain companies, according to a Tuesday filing. The number is roughly equal to the current total of all single-company ETFs in the US, which clocks in at around 30, according to a database tracked by Bloomberg Intelligence's Henry Jim. The issuer is looking to debut such funds focused on American Airlines Group Inc., Apple Inc., Coinbase Global Inc., Meta Platforms Inc., Tesla Inc. — as well as a few other auto companies — among others.
/jlne.ws/3Iqs7EP
Vildana Hajric - Bloomberg
Single-stock exchange-traded funds made a splash in the industry when they debuted last year. Now one issuer is hoping to double the existing lineup.
GraniteShares is looking to launch 32 new funds focused on providing investors leveraged daily exposure to certain companies, according to a Tuesday filing. The number is roughly equal to the current total of all single-company ETFs in the US, which clocks in at around 30, according to a database tracked by Bloomberg Intelligence's Henry Jim. The issuer is looking to debut such funds focused on American Airlines Group Inc., Apple Inc., Coinbase Global Inc., Meta Platforms Inc., Tesla Inc. — as well as a few other auto companies — among others.
/jlne.ws/3Iqs7EP