Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing

Discussion in 'Wall St. News' started by ETJ, May 11, 2023.

  1. ETJ

    ETJ

    Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing
    Vildana Hajric - Bloomberg
    Single-stock exchange-traded funds made a splash in the industry when they debuted last year. Now one issuer is hoping to double the existing lineup.
    GraniteShares is looking to launch 32 new funds focused on providing investors leveraged daily exposure to certain companies, according to a Tuesday filing. The number is roughly equal to the current total of all single-company ETFs in the US, which clocks in at around 30, according to a database tracked by Bloomberg Intelligence's Henry Jim. The issuer is looking to debut such funds focused on American Airlines Group Inc., Apple Inc., Coinbase Global Inc., Meta Platforms Inc., Tesla Inc. — as well as a few other auto companies — among others.
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  2. nitrene

    nitrene

    I wonder if the success of these ETFs could revive the single stock futures. The leverage on these ETFs is pretty low.