Bringing you live news and features since 2006 

Bringing you news, views and analysis since 2013

GraniteShares sees surge in investor appetite for commodity and mining stocks

ETP provider GraniteShares, which offers several single stock 3x leveraged and 3x short ETPs listed on the London Stock Exchange covering a selection of FTSE 100 companies and popular US tech stocks, has seen a surge in the value of money traded in its Glencore, Rio Tinto, Shell and BP leveraged ETPs as global economies recover and talk of a commodity super cycle intensifies.

In May 2021 GBP7.1 million was traded in the GraniteShares 3x long ETPs of these stocks versus GBP5.3 million traded in April, a 33 per cent increase in trading volume over a single month. In terms of how much was traded in the 3X short ETPs of these stocks, the change was even more pronounced with GBP1.0 million traded in May versus GBP0.26 million in April, a 300 per cent increase further supporting the fact that investors are getting more comfortable expressing their views on single stocks by using GraniteShares short and leveraged single stock ETPs.

Will Rhind, Founder and CEO at GraniteShares, says: “Oil prices have been recovering as Covid-19 vaccination programmes develop around the world and economies recover.  A post-coronavirus economic rebound has also helped drive surging prices in a range of commodities.

“All of this makes mining and commodity stocks increasingly appealing, which explains the increased value of trading in our Shell, BP, Glencore and Rio Tinto 3X leveraged ETPs.”  

GraniteShares currently offers 54 exchange traded products (ETPs) listed on the London Stock Exchange. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK and US markets.  
 

Latest News

Ossiam has announced the launch of a new ETF, the Ossiam Shiller Barclays CAPE Global Sector Value, listed on five..
VettaFi has announced that it is conducting a consultation with market participants on potential modifications to constituent criteria and weightings..
ETF data providers ETFGI report that assets invested in the global ETFs industry extended its lead over the global hedge..
New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK,..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by