As single stock ETFs continue to flood out using some of the biggest companies there are still a lot of them left to be tapped. With that GraniteShares has just announced the launch of three new single stocks ETFs, each following a company not yet used in this strategy. The ETFs are, the GraniteShares 1.5X Long META Daily ETF (FBL), the GraniteShares 1.5X Long NVDA Daily ETF (NVDL), and the GraniteShares 1.75X Long BABA Daily ETF (BABX). As the names suggest, FBL will leverage the performance of Meta, NVDL with Nvidia, and BABX with Alibaba. 1.5X means the fund seeks to offer 150% long exposure to its selected company and 1.75X – 175%.
ETF Newz Says:
A few other companies that have are in single stock ETFs are, Tesla, Apple, and Coinbase.
