What is the ISIN of GraniteShares 3x Long MIB Daily ETF?

The ISIN of GraniteShares 3x Long MIB Daily ETF is XS2531766363.

What does leveraged daily exposure mean for GraniteShares 3x Long MIB Daily ETF?

GraniteShares 3x Long MIB Daily ETF aims to deliver 3 times the daily return of MIB (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect GraniteShares 3x Long MIB Daily ETF?

Volatility decay (also called compounding drag) occurs because GraniteShares 3x Long MIB Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

GraniteShares 3x Long MIB Daily ETF (3MIB.MI) Price

GraniteShares 3x Long MIB Daily ETF Price

— EUR

TER0.99 %

AUM624,799.3 EUR

IndexFTSE MIB

CurrencyEUR

Funds Launch6/9/2023

GraniteShares 3x Long MIB Daily ETF Price

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

MIB

MIB3X Long Daily

MIB

GraniteShares 3x Long MIB Daily ETF provides 3X daily exposure to MIB.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.