Latest news with #GraniteShares
Yahoo
5 days ago
- Business
- Yahoo
Not Taking Single-Stock ETFs for Granite
Will Rhind has watched the ETF business for more than two decades. He was an original member of the iShares team — back when it was part of Barclays — and he was later CEO of World Gold Trust Services, the sponsor of the now $98 billion SPDR Gold Shares ETF (GLD). He left that company in 2016 to found GraniteShares, which has built out an extensive line of leveraged single-stock ETFs. Rhind, who has roots in the 'Granite City' of Aberdeen, Scotland, joined ETF Upside for a conversation about the burgeoning world of single-stock ETFs. GraniteShares filed last week with the Securities and Exchange Commission for 25 additional leveraged single-stock ETFs. Rhind did not discuss the pending funds, given that they are in the registration period, but he talked about where the firm is headed. READ ALSO: Grayscale Wants in on Quantum Computing ETFs and BlackRock's 'Widow Maker' ETF Is Suddenly in High Demand ETF Upside: How did GraniteShares get its start, and why did you decide to focus on leveraged single-stock ETFs? Will Rhind: When we started GraniteShares, there were only two companies in the US allowed to do leveraged ETFs, and that was a weird regulatory quirk at the time. The leveraged ETF market hadn't had a lot of innovation for a long time, and the SEC updated the rules around ETFs back in 2020 or 2019. That allowed anybody to do leveraged ETFs; there were all sorts of harmonization things that came with it. There was 'white space' on the leveraged side in doing leverage on single stocks, which no one had done before, and so that's what we started to do. We'd actually done it in Europe first, because we couldn't do it here. So we started the first levered single-stock products in Europe, and then bought them here when we were able to. What do you hear from investors about how they're using the products? I assume most people are aware of the risks and are trading daily. The great thing about ETFs is that there are so many different ways to use it. The directional — two times long, two times short —is one obvious application, but you're able to trade in the pre-market —so before the open, after the close — which is a big benefit against things like options. For example, you're able to short or take an inverse view, which is very useful in environments like this year that we've seen so far. And then, there are other strategies around creating tax events you know could be using short, for example, to generate a taxable loss that you can often offset against gains elsewhere in the portfolio. How do you decide what strategies to pursue? How long do you give a particular strategy if it doesn't catch on? What are some examples of what's worked well and what hasn't? With any ETF, it's much more of an art than a science. Predicting exactly what the market wants is seriously difficult. You can look at a few obvious things when it comes to single stocks: You can look at the size of the stock, the amount that it trades. You can look at different sorts of forecasts. You can look at the amount of mentions it gets on social media. You look at all these things, but ultimately, investors have to buy it, and there has to be that sort of unique cocktail of enthusiasm around it, which is just difficult to predict. Nvidia, for example — that's our biggest — NVGL, two times Nvidia. And that one, it's obvious to everybody now, but it perhaps wasn't as obvious at the time when we launched it, because it was before ChatGPT was released. So I think those in the know knew Nvidia was a good company, but it obviously, absolutely caught on fire after the release of ChatGPT, and everybody had their eyes opened to the potential of AI. When a product doesn't work, it's just a profitability calculus. It's binary — it's either profitable or it's not profitable. There's no hard rule in terms of how long we'll keep it. But we'll look beyond profitability, at things like trading volume. What categories are you planning to expand in? We love what we call 'high conviction' products, and leverage is in that category. Crypto is in that category. Options-based income is in that category. Options-based income is probably the one where we think there's a big amount of potential, and we're expanding in that space with our YieldBoost brand. Leveraged single stocks is also one where we want to expand the number of products we offer there, but it's always according to demand of the market. And then outside of that, it's really just based upon your market conditions and what sort of investment or key investment trends are identified at that time. This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Yahoo
27-05-2025
- Automotive
- Yahoo
For EV stocks, buy Rivian over Stellantis: Good Buy or Goodbye
In this segment of Good Buy or Goodbye, GraniteShares founder and CEO Will Rhind joins Market Domination host Josh Lipton to share his best and worst stock picks. Rhind explains why he thinks Rivian (RIVN) could be a smart electric vehicle (EV) bet as tariffs loom over the industry, and why he's steering clear of Stellantis (STLA). To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Don't forget to catch up on Good Buy or Goodbye. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
19-05-2025
- Business
- Business Upturn
GraniteShares Announces Change in ETF Lineup
By GlobeNewswire Published on May 20, 2025, 01:11 IST NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) — GraniteShares announced today that it will close and liquidate the following ETF: Ticker Fund Name Commencement of investment operations TSLI GraniteShares 1x Short AMD Daily ETF 08/23/2023 On May 09, 2025, the board of GraniteShares ETF Trust approved the liquidation of the GraniteShares 1x Short AMD Daily ETF (the 'ETF'). The last day of trading for the ETF on NASDAQ Stock Market will be June 20, 2025. The last day creation orders will be accepted for the ETF will be June 18, 2025. Investors may sell their shares of the ETF until market close on June 20, 2025. Shares of the ETF will no longer trade on NASDAQ Stock Market after market close on June 20, 2025, and will be subsequently delisted. The final distribution to shareholders of the ETF is expected to occur on or about June 23, 2025. When the ETF commences the liquidation of its portfolio, it may hold cash and securities that may not be consistent with the ETF's investment objectives and strategies. At the time the liquidation of the ETF is complete, the ETF shares will be individually redeemed. For shareholders that still hold shares of the ETF as of June 20, 2025, shares will be automatically redeemed for cash at the net asset value as of close of business on that date, which will reflect the costs of closing the ETF. Shareholders will generally recognize a capital gain or loss on the redemptions. The ETF may or may not pay one or more dividends or other distributions prior to or along with the redemption payments. About GraniteShares GraniteShares is an independent ETF issuer headquartered in New York City. GraniteShares will continue to offer the following leveraged single stock ETFs: ETF NAME TICKER UNDERLYING STOCK MANAGEMENT FEE/TOTAL EXPENSES GraniteShares 2x Long AAPL Daily ETF AAPB Apple 0.99%/1.15% GraniteShares 2x Long AMD Daily ETF AMDL AMD 0.99%/1.15% GraniteShares 2x Long AMZN Daily ETF AMZZ 0.99%/1.15% GraniteShares 2x Long BABA Daily ETF BABX Alibaba 0.99%/1.15% GraniteShares 2x Long COIN Daily ETF CONL Coinbase 0.99%/1.15% GraniteShares 2x Short COIN Daily ETF CONI Coinbase 0.99%/1.15% GraniteShares 2x Long CRWD Daily ETF CRWL CrowdStrike 1.30%/1.50% GraniteShares 2x Long DELL Daily ETF DLLL Dell Technologies 1.30%/1.50% GraniteShares 2x Long INTC Daily ETF INTW Intel 1.30%/1.50% GraniteShares 2x Long IONQ Daily ETF IONL IONQ 1.30%/1.50% GraniteShares 2x Long LCID Daily ETF LCDL Lucid 0.99%/1.15% GraniteShares 2x Long MARA Daily ETF MRAL MARA Holding 1.30%/1.50% GraniteShares 2x Long META Daily ETF FBL Meta Platform 0.99%/1.15% GraniteShares 2x Long MRVL Daily ETF MVLL Marvell Technology 1.30%/1.50% GraniteShares 2x Long MSFT Daily ETF MSFL Microsoft 0.99%/1.15% GraniteShares 2x Long MU Daily ETF MULL Micron Technology 1.30%/1.50% GraniteShares 2x Long NVDA Daily ETF NVDL NVIDIA 0.99%/1.15% GraniteShares 2x Short NVDA Daily ETF NVD NVIDIA 0.99%/1.15% GraniteShares 2x Long PLTR Daily ETF PTIR Palantir 0.99%/1.15% GraniteShares 2x Long QCOM Daily ETF QCML Qualcomm 1.30%/1.50% GraniteShares 2x Long RDDT Daily ETF RDTL Reddit 1.30%/1.50% GraniteShares 2x Long RIVN Daily ETF RVNL Rivian 0.99%/1.15% GraniteShares 2x Long SMCI Daily ETF SMCL Super Micro Computer 1.30%/1.50% GraniteShares 1.25x Long TSLA Daily ETF TSL Tesla 0.99%/1.15% GraniteShares 2x Long TSLA Daily ETF TSLR Tesla 0.99%/1.15% GraniteShares 2x Short TSLA Daily ETF TSDD Tesla 0.99%/1.15% GraniteShares 2x Long TSM Daily ETF TSML Taiwan Semiconductor Manufacturing 1.30%/1.50% GraniteShares 2x Long Uber Daily ETF UBRL Uber 0.99%/1.15% GraniteShares 2x Long VRT Daily ETF VRTL Vertiv 1.30%/1.50% In addition, GraniteShares' ETF suite includes the following ETFs: Contact Information:William Rhind, CEOGraniteShares Inc+1 646 876 5049 [email protected] Important Information Investors should consider the investment objectives, risks, charges and expenses of the GraniteShares funds (the 'Funds') carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747, or visit the website at Read the prospectus or summary prospectus carefully before investing. To obtain a prospectus for BAR, please visithttps:// obtain a prospectus for PLTM, please visithttps:// obtain a prospectus for COMB, please visit Except as described above regarding the liquidation of the ETFs, shares of the Funds may be sold during trading hours on the exchange through any brokerage account, shares are not individually redeemable, and shares may only be redeemed directly from a Fund by Authorized Participants. There can be no assurance that an active trading market for shares in a Fund will develop or be maintained. Shares may trade above or below NAV. Brokerage commissions will apply. Fund Risks Multiple funds have a limited operating history of less than a year and risks associated with a new fund. The Leveraged and Daily Inverse Funds are not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) or daily inverse (-1X and -2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock's performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock's performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day. The funds do not directly invest in the underlying stock. The Funds seek daily inverse or leveraged investment results and are intended to be used as short-term trading vehicles. Each Fund with 'Long' in its name attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of an underlying stock (each a Leveraged Long Fund). Each Fund with 'Short' in its name attempts to provide daily investment results that correspond to the inverse (or opposite) multiple of the performance of an underlying stock (each an Inverse Fund). Investors should note that the Long Leveraged Funds and the Daily Inverse Funds pursue daily leveraged investment objectives and daily inverse investment objectives (respectively), which means that the fund is riskier than alternatives that do not use leverage and inverse strategies because the fund magnifies the performance of their underlying security. The volatility of the underlying security may affect a Funds' return as much as, or more than, the return of the underlying security. For the Leveraged Long Funds because of daily rebalancing and the compounding of each day's return over time, the return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock's performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance increases over a period longer than a single day. For the Daily Inverse Funds because of daily rebalancing and the compounding of each day's return over time, the return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from -100% and 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock's performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance decreases over a period longer than a single day. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns. An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Inverse Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Daily Index Correlation Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus. Investing in physical commodities, including through commodity-linked derivative instruments such as Commodity Futures, Commodity Swaps, as well as other commodity-linked instruments, is speculative and can be extremely volatile and may not be suitable for all investors. Market prices of commodities may fluctuate rapidly based on numerous factors, including: changes in supply and demand relationships (whether actual, perceived, anticipated, unanticipated or unrealized); weather; agriculture; trade; domestic and foreign political and economic events and policies; diseases; pestilence; technological developments; currency exchange rate fluctuations; and monetary and other governmental policies, action and inaction. A liquid secondary market may not exist for the types of commodity-linked derivative instruments the Fund buys, which may make it difficult for the Fund to sell them at an acceptable price. The Fund is new with no operating history. As a result, there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case it could ultimately liquidate. Derivatives may be more sensitive to changes in market conditions and may amplify risks and losses. This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program. The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
19-05-2025
- Business
- Yahoo
GraniteShares Announces Change in ETF Lineup
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- GraniteShares announced today that it will close and liquidate the following ETF: Ticker Fund Name Commencement of investment operations TSLI GraniteShares 1x Short AMD Daily ETF 08/23/2023 On May 09, 2025, the board of GraniteShares ETF Trust approved the liquidation of the GraniteShares 1x Short AMD Daily ETF (the 'ETF'). The last day of trading for the ETF on NASDAQ Stock Market will be June 20, 2025. The last day creation orders will be accepted for the ETF will be June 18, 2025. Investors may sell their shares of the ETF until market close on June 20, 2025. Shares of the ETF will no longer trade on NASDAQ Stock Market after market close on June 20, 2025, and will be subsequently delisted. The final distribution to shareholders of the ETF is expected to occur on or about June 23, 2025. When the ETF commences the liquidation of its portfolio, it may hold cash and securities that may not be consistent with the ETF's investment objectives and strategies. At the time the liquidation of the ETF is complete, the ETF shares will be individually redeemed. For shareholders that still hold shares of the ETF as of June 20, 2025, shares will be automatically redeemed for cash at the net asset value as of close of business on that date, which will reflect the costs of closing the ETF. Shareholders will generally recognize a capital gain or loss on the redemptions. The ETF may or may not pay one or more dividends or other distributions prior to or along with the redemption payments. About GraniteShares GraniteShares is an independent ETF issuer headquartered in New York City. GraniteShares will continue to offer the following leveraged single stock ETFs: ETF NAME TICKER UNDERLYING STOCK MANAGEMENT FEE/TOTAL EXPENSES GraniteShares 2x Long AAPL Daily ETF AAPB Apple 0.99%/1.15% GraniteShares 2x Long AMD Daily ETF AMDL AMD 0.99%/1.15% GraniteShares 2x Long AMZN Daily ETF AMZZ 0.99%/1.15% GraniteShares 2x Long BABA Daily ETF BABX Alibaba 0.99%/1.15% GraniteShares 2x Long COIN Daily ETF CONL Coinbase 0.99%/1.15% GraniteShares 2x Short COIN Daily ETF CONI Coinbase 0.99%/1.15% GraniteShares 2x Long CRWD Daily ETF CRWL CrowdStrike 1.30%/1.50% GraniteShares 2x Long DELL Daily ETF DLLL Dell Technologies 1.30%/1.50% GraniteShares 2x Long INTC Daily ETF INTW Intel 1.30%/1.50% GraniteShares 2x Long IONQ Daily ETF IONL IONQ 1.30%/1.50% GraniteShares 2x Long LCID Daily ETF LCDL Lucid 0.99%/1.15% GraniteShares 2x Long MARA Daily ETF MRAL MARA Holding 1.30%/1.50% GraniteShares 2x Long META Daily ETF FBL Meta Platform 0.99%/1.15% GraniteShares 2x Long MRVL Daily ETF MVLL Marvell Technology 1.30%/1.50% GraniteShares 2x Long MSFT Daily ETF MSFL Microsoft 0.99%/1.15% GraniteShares 2x Long MU Daily ETF MULL Micron Technology 1.30%/1.50% GraniteShares 2x Long NVDA Daily ETF NVDL NVIDIA 0.99%/1.15% GraniteShares 2x Short NVDA Daily ETF NVD NVIDIA 0.99%/1.15% GraniteShares 2x Long PLTR Daily ETF PTIR Palantir 0.99%/1.15% GraniteShares 2x Long QCOM Daily ETF QCML Qualcomm 1.30%/1.50% GraniteShares 2x Long RDDT Daily ETF RDTL Reddit 1.30%/1.50% GraniteShares 2x Long RIVN Daily ETF RVNL Rivian 0.99%/1.15% GraniteShares 2x Long SMCI Daily ETF SMCL Super Micro Computer 1.30%/1.50% GraniteShares 1.25x Long TSLA Daily ETF TSL Tesla 0.99%/1.15% GraniteShares 2x Long TSLA Daily ETF TSLR Tesla 0.99%/1.15% GraniteShares 2x Short TSLA Daily ETF TSDD Tesla 0.99%/1.15% GraniteShares 2x Long TSM Daily ETF TSML Taiwan Semiconductor Manufacturing 1.30%/1.50% GraniteShares 2x Long Uber Daily ETF UBRL Uber 0.99%/1.15% GraniteShares 2x Long VRT Daily ETF VRTL Vertiv 1.30%/1.50% In addition, GraniteShares' ETF suite includes the following ETFs: ETF NAME TICKER EXPOSURE MANAGEMENT FEE/TOTAL EXPENSES GraniteShares Gold Trust BAR Gold 0.17% GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF COMB Broad Commodities 0.25% GraniteShares HIPS US High Income ETF HIPS High Income 0.70%/3.19% GraniteShares Platinum Trust PLTM Platinum 0.50% GraniteShares XOUT U.S. Large Cap ETF XOUT U.S. Large Cap 0.60% GraniteShares YieldBOOST TSLA ETF TSYY Option Strategy 0.99%/1.15% GraniteShares YieldBOOST SPY ETF YSPY Option Strategy 0.99%/1.15% GraniteShares YieldBOOST QQQ ETF TQQY Option Strategy 0.99%/1.15% Contact Information:William Rhind, CEO GraniteShares Inc +1 646 876 5049 Important Information Investors should consider the investment objectives, risks, charges and expenses of the GraniteShares funds (the 'Funds') carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747, or visit the website at Read the prospectus or summary prospectus carefully before investing. To obtain a prospectus for BAR, please visithttps:// obtain a prospectus for PLTM, please visithttps:// obtain a prospectus for COMB, please visithttps:// Except as described above regarding the liquidation of the ETFs, shares of the Funds may be sold during trading hours on the exchange through any brokerage account, shares are not individually redeemable, and shares may only be redeemed directly from a Fund by Authorized Participants. There can be no assurance that an active trading market for shares in a Fund will develop or be maintained. Shares may trade above or below NAV. Brokerage commissions will apply. Fund Risks Multiple funds have a limited operating history of less than a year and risks associated with a new fund. The Leveraged and Daily Inverse Funds are not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) or daily inverse (-1X and -2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock's performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock's performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day. The funds do not directly invest in the underlying stock. The Funds seek daily inverse or leveraged investment results and are intended to be used as short-term trading vehicles. Each Fund with 'Long' in its name attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of an underlying stock (each a Leveraged Long Fund). Each Fund with 'Short' in its name attempts to provide daily investment results that correspond to the inverse (or opposite) multiple of the performance of an underlying stock (each an Inverse Fund). Investors should note that the Long Leveraged Funds and the Daily Inverse Funds pursue daily leveraged investment objectives and daily inverse investment objectives (respectively), which means that the fund is riskier than alternatives that do not use leverage and inverse strategies because the fund magnifies the performance of their underlying security. The volatility of the underlying security may affect a Funds' return as much as, or more than, the return of the underlying security. For the Leveraged Long Funds because of daily rebalancing and the compounding of each day's return over time, the return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock's performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance increases over a period longer than a single day. For the Daily Inverse Funds because of daily rebalancing and the compounding of each day's return over time, the return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from -100% and 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock's performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock's performance decreases over a period longer than a single day. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns. An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Inverse Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Daily Index Correlation Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus. Investing in physical commodities, including through commodity-linked derivative instruments such as Commodity Futures, Commodity Swaps, as well as other commodity-linked instruments, is speculative and can be extremely volatile and may not be suitable for all investors. Market prices of commodities may fluctuate rapidly based on numerous factors, including: changes in supply and demand relationships (whether actual, perceived, anticipated, unanticipated or unrealized); weather; agriculture; trade; domestic and foreign political and economic events and policies; diseases; pestilence; technological developments; currency exchange rate fluctuations; and monetary and other governmental policies, action and inaction. A liquid secondary market may not exist for the types of commodity-linked derivative instruments the Fund buys, which may make it difficult for the Fund to sell them at an acceptable price. The Fund is new with no operating history. As a result, there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case it could ultimately liquidate. Derivatives may be more sensitive to changes in market conditions and may amplify risks and losses. This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program. The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners
NDTV
23-04-2025
- Automotive
- NDTV
Tesla Investors Inquisitive About Affordable Electric Car, Robotaxis
Tesla investors will be eager to ask CEO Elon Musk two pressing questions when the electric vehicle maker reports results on Tuesday: when will the affordable vehicle launch, and is the robotaxi plan on schedule? Wall Street has pinned its hopes on a cheaper car - promised by the end of the first half of this year - to revitalize drooping Tesla sales that have been hit by competition and retaliation to Musk's far-right politics. Reuters reported exclusively on Friday that plans for an affordable Tesla include a stripped-down version of its best-selling Model Y SUV made in the U.S., but its production has been delayed by months. "The low-cost Tesla might be the one thing that could turn momentum around. If it ends up just being a bare bones version of the Model Y, we think the street could be disappointed. Elon really needs to hit the deadline on this and hit the vehicle itself," said Will Rhind, CEO of global ETF issuer GraniteShares. Tesla needs a win badly. As sales have slumped, so have margins - Wall Street estimates the company's automotive gross margin likely hit its lowest level in the first quarter. Analysts expect this to persist as Tesla continues to offer incentives to boost sales. The company has said using an existing vehicle platform and production lines to develop a cheaper car will lower its capital costs, but has offered scant details beyond that. Faced with slowing demand for its aging line-up and red-hot sales of Chinese EVs in China and Europe, Musk pivoted to robotaxis and artificial intelligence last year. He promised driverless ride-hailing services to the public in Texas by June, and later this year in California. Apart from the fact that Musk has promised and failed to deliver self-driving Teslas for nearly a decade, there are serious concerns about safety and related litigation risks that could come with deploying unproven driverless technology on public streets. Tesla has been seeking regulatory approvals required for it to eventually launch the promised robotaxi service. But production of the much-anticipated Cybercab - a robotaxi concept that is central to that idea - could be disrupted, Reuters reported, because Tesla has paused component imports from China after tariffs imposed by U.S. President Donald Trump jumped to 145%. Stacked alongside these challenges is investor doubt about how much time Musk is spending managing the company because of his involvement in Trump's administration, where he has led federal job cut efforts. His actions have incensed people, leading to protests and vandalism at Tesla showrooms that have reflected in a drop in brand value and a rise in trade-ins. Sales have fallen sharply, particularly in California, Tesla's biggest U.S. market. The company's stock has slumped 40% so far this year, wiping out more than $500 billion from its market value. "If Musk can ... start refocusing his efforts on restoring the Tesla brand, I do believe that this brand damage can be minimized," said Dennis Dick, chief strategist at Stock Trader Network, who holds a long position in the stock. "It's important that Musk limit his political commentary going forward and start focusing on FSD, robotaxis and Optimus," he said, referring to Tesla's self-driving efforts and robots. Despite a steep drop in first-quarter deliveries, analyst estimates from LSEG peg Tesla revenue for the period at $21.35 billion, flat from a year earlier. This is thanks to a rise in sales of automotive regulatory credits and systems that generate solar energy and store power. Tesla is expected to report automotive gross margin of 11.83%, excluding regulatory credits, according to 21 analysts polled by Visible Alpha. That's down from 13.6% in the fourth quarter. "We expect delivery volume will take priority over auto gross margin, implying more incentives could be seen," Deutsche Bank analyst Edison Yu said. Offers for free charging or autonomy features could impact profitability, he said. Tesla has also begun heavily discounting some Cybertrucks in its inventory as orders for the pick-up truck have dwindled. The company in March recalled all Cybertrucks sold to fix an external panel issue, raising concerns about the model's safety.
