A look at single-stock ETFs one year in
Publishing timestamp: 2023-08-19 11:00:01
Summary
The article discusses the popularity and interest in single-stock exchange-traded funds (ETFs), particularly those tied to companies like Tesla and Nvidia. The CEO of GraniteShares, Will Rhind, highlights the enthusiasm for these companies and the significant interest in their ETFs. The article also mentions the performance of GraniteShares' single-stock ETFs, with the 1.5x Long COIN Daily ETF seeing a 123% increase year to date. The article notes that single-stock ETFs are more suited for short-term activity and exposures, and they can be advantageous for investors with discount brokerage accounts. The financial futurist, Dave Nadig, predicts that more single-stock ETFs will come to the market based on investor interest and market trends.
Sentiment: NEUTRAL
Keywords: graniteshares 1.5x long coin daily etf, stock markets, graniteshares 1.5x long nvda daily etf, exchange-traded funds, investment strategy, graniteshares 1.75x long aapl daily etf, business news, graniteshares 1.25x long tsla daily etf, markets,
Source: https://www.cnbc.com/2023/08/19/a-look-at-single-stock-etfs-one-year-in.html