GraniteShares 3x Short Glencore Daily ETP

Product Description

GraniteShares 3x Short Glencore Daily ETP is a collateralised Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Glencore Index that seeks to provide -3 times the daily performance of Glencore plc shares.

For example, if Glencore plc rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Glecnore plc falls by 1% in a single trading day, then the ETP will rise by 3%, excluding fees and other adjustments.


ETP Prices As of 07/07/20

Base CurrencyGBP
Value Per ETP Security3.417823


ISA EligibleYes - eligible
SIPP EligibleYes - eligible
UK Reporting StatusYes

Index Information

Index NameSolactive Daily Leveraged 3x Short Glencore Index
Leverage Factor-3
Index ProviderSolactive

Key Details

Underlying StockGlencore plc
Leverage Factor-3
Base CurrencyGBP
Total Ongoing Costs0.0119% per day

Listing Codes

Country Exchange Trading Currency Exchange Ticker ISIN SEDOL Bloomberg Ticker Settlement Period Reuters Instrument Code Listing Date
  London Stock Exchange GBX 3SGL XS2066789335 BHR46Z0 3SGL T+2 3SGL.L 06 Nov 19


As of 08 Jul 2020

Collateral Details

Collateral Coverage Ratio100.0%
CustodianBNY Mellon


Understanding collateral

Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the Collateralised ETPs' change in value and in the outstanding number of securities.  The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian. 

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