Exchange-Traded Fund Provider Offers Investors Bet on Wall Street’s Most Profitable Momentum Trades
GraniteShares, an exchange-traded fund provider, has expanded its lineup of single-stock ETFs to 20, including the recent launch of the GraniteShares YieldBoost TSLA ETF (TSYY). This fund allows investors to gain exposure to Tesla, a leading electric vehicle manufacturer. The move is driven by growing demand for investors to take charge of their own finances and actively manage their investments, aiming to outperform the market.
According to GraniteShares CEO William Rhind, this phenomenon is not limited to U.S. investors but is a global trend. The U.S. ETF market offers the largest source of liquidity, attracting investors from around the world. They seek exposure to well-known U.S. companies such as Tesla and NVIDIA, which are not available elsewhere.
However, GraniteShares cautions that its strategy is not suitable for everyone. The company includes a disclaimer on its website, emphasizing the significant risks involved in investing in these ETFs. As of Friday’s close, Tesla’s stock price is nearly 19% off its all-time high, highlighting the volatility of these investments.
