Latest news with #Rhind
Yahoo
04-06-2025
- 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
Time of India
24-04-2025
- Time of India
Toronto Pearson Airport Shooting: one dead, police storm building
Live Events Toronto Pearson International Airport, Canada 's busiest travel hub, was under lockdown early morning on April 24 following a police-involved shooting at Terminal 1. According to Canadian media, at least one person died in the shooting incident with eyewitnesses claiming that a total six shots were Special Investigations Unit (SIU), Ontario's police watchdog, confirmed its involvement, dispatching detectives to the scene to unravel the circumstances surrounding the shooting unfolding situation triggered a significant emergency response, with several police vehicles descending upon the departure level of Terminal accounts painted a picture of alarm and disruption, with travelers encountering closed roadways and a heavy police presence blanketing the airport Rhind, a passenger retrieving his luggage, recounted hearing "loud, popping noises" echoing through the terminal building, the first indication of the unfolding media platforms became a conduit for real-time, albeit often unverified, information. X users on the ground shared fragmented details, with one user, Jacko, claiming a series of four shots were fired around 6:45 a.m., and one victim was presumed deceased at the Paramedics Services acknowledged their active response to an incident at Pearson at approximately 7:00 a.m., but refrained from detailing the nature of the there has been no official statement from Peel Regional Police, the primary law enforcement agency for the accounts on X painted a vivid picture of the escalating police presence. John Fowler's query about the "dozen police cars & rifles out?" was quickly amplified by others, including Andrew Collins, who reposted with the caption suggesting a shooting investigation by Peel Police at Terminal 1 Departures, with one person reportedly without vital signs and CPR in confused passengers abandoned their rideshares in the airport's vicinity, only to be turned back by Banerjee, another X user, described a scene of over 30 police vehicles at the terminal, later noting that authorities were allowing passengers to exit their cars and proceed on foot while vehicles remained held.A video posted by X user Courtney Heels offered a glimpse into the ground-level chaos, showing vehicles at a standstill outside Terminal 1, illuminated by the flashing lights of numerous police caption noted a traveler's account of "dozens of cops pulled up with rifles," underscoring the heavily armed response.
Yahoo
22-04-2025
- Automotive
- Yahoo
GraniteShares Launches New Leveraged, Single-Stock EV ETFs
Fund provider GraniteShares on Tuesday introduced two new, leveraged, single-stock exchange-traded funds offering investors daily leveraged exposure to electric vehicle (EV) stocks: The GraniteShares 2x Long LCID Daily ETF (LCDL) and the GraniteShares 2x Long RIVN Daily ETF (RVNL). LCDL and RVNL seek daily investment results, before fees and expenses, that correspond to 200% of the daily percentage change of the underlying stocks, Lucid Group Inc. (LCID) and Rivian Automotive Inc. (RIVN), according to a press release. 'EVs have been one of the most popular investment themes of the last decade, and 'made in America' manufacturers like Lucid and Rivian are now in the media spotlight more than ever as U.S. trade policy around foreign car imports remains uncertain,' Will Rhind, founder and CEO of GraniteShares, told 'Given the volatility we've experienced so far this year, this environment has arguably been more conducive to stock-picking and tactical trading opportunities than buy-and-hold investing.' The expense ratio is 1.15% for both funds. Amid uncertainty around U.S. trade policy, the main U.S. EV stock, Telsa Inc. (TSLA), has been the subject of intense media commentary both positive and negative—and GraniteShares 2X TSLA Daily ETF (TSLR) remains one of the firm's most popular ETFs, according to Rhind. 'With Tesla earnings being announced today after the bell, the launch of LCDL and RVNL coincides with what will surely be intense media focus on TSLA results and, within that, any insights into demand for EVs and trade policy that impacts 'made in America' manufacturers, such as Tesla, Lucid and Rivian,' Rhind said. 'With all the noise around DOGE and [Elon] Musk, there has undoubtedly been some brand damage to Tesla. How much is unclear at this point, although we think there is an opportunity for Lucid and Rivian to capitalize on this and increase their respective market share.'Permalink | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
22-04-2025
- Automotive
- Yahoo
GraniteShares Launches New Leveraged, Single-Stock EV ETFs
Fund provider GraniteShares on Tuesday introduced two new, leveraged, single-stock exchange-traded funds offering investors daily leveraged exposure to electric vehicle (EV) stocks: The GraniteShares 2x Long LCID Daily ETF (LCDL) and the GraniteShares 2x Long RIVN Daily ETF (RVNL). LCDL and RVNL seek daily investment results, before fees and expenses, that correspond to 200% of the daily percentage change of the underlying stocks, Lucid Group Inc. (LCID) and Rivian Automotive Inc. (RIVN), according to a press release. 'EVs have been one of the most popular investment themes of the last decade, and 'made in America' manufacturers like Lucid and Rivian are now in the media spotlight more than ever as U.S. trade policy around foreign car imports remains uncertain,' Will Rhind, founder and CEO of GraniteShares, told 'Given the volatility we've experienced so far this year, this environment has arguably been more conducive to stock-picking and tactical trading opportunities than buy-and-hold investing.' The expense ratio is 1.15% for both funds. Amid uncertainty around U.S. trade policy, the main U.S. EV stock, Telsa Inc. (TSLA), has been the subject of intense media commentary both positive and negative—and GraniteShares 2X TSLA Daily ETF (TSLR) remains one of the firm's most popular ETFs, according to Rhind. 'With Tesla earnings being announced today after the bell, the launch of LCDL and RVNL coincides with what will surely be intense media focus on TSLA results and, within that, any insights into demand for EVs and trade policy that impacts 'made in America' manufacturers, such as Tesla, Lucid and Rivian,' Rhind said. 'With all the noise around DOGE and [Elon] Musk, there has undoubtedly been some brand damage to Tesla. How much is unclear at this point, although we think there is an opportunity for Lucid and Rivian to capitalize on this and increase their respective market share.'Permalink | © Copyright 2025 All rights reserved
