GraniteShares 3x Long NIO Daily ETP (3LNI.L) Price
GraniteShares 3x Long NIO Daily ETP Price
Underlying
GraniteShares 3x Long NIO Daily ETP provides 3X daily exposure to NIO.
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.
GraniteShares 3x Long NIO Daily ETP List of Holdings
Frequently asked questions about GraniteShares 3x Long NIO Daily ETP
GraniteShares 3x Long NIO Daily ETP is offered by GraniteShares, a leading player in the field of passive investments.
The ISIN of GraniteShares 3x Long NIO Daily ETP is XS3075487044.
GraniteShares 3x Long NIO Daily ETP aims to deliver 3 times the daily return of NIO (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because GraniteShares 3x Long NIO Daily ETP 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.
Leveraged ETFs like GraniteShares 3x Long NIO Daily ETP are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
GraniteShares 3x Long NIO Daily ETP provides 3X daily long exposure to NIO. When NIO moves +1% in a day, GraniteShares 3x Long NIO Daily ETP targets approximately 3% (before fees).
The total expense ratio of GraniteShares 3x Long NIO Daily ETP is 0.04%, which means that investors pay 4.33 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, GraniteShares 3x Long NIO Daily ETP does not comply with the EU UCITS investor protection directives.
GraniteShares 3x Long NIO Daily ETP tracks the performance of the Solactive Daily Leveraged 3x long NIO Index - Benchmark TR Net.
GraniteShares 3x Long NIO Daily ETP is domiciled in IE.
The fund was launched on 3/8/2021.
The GraniteShares 3x Long NIO Daily ETP mainly invests in Cyclical consumer goods companies.
The NAV of GraniteShares 3x Long NIO Daily ETP amounts to 26.72 M USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
GraniteShares 3x Long NIO Daily ETP