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3SVP

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1d
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1m

Analysis and statistics

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About

3SVP.LSE is the ticker symbol for the GraniteShares 3x Short Vodafone ETP. It's an Exchange Traded Product (ETP) listed on the London Stock Exchange. This ETP is designed to provide investors with three times the inverse (short) daily performance of Vodafone Group PLC shares. In simpler terms, it aims to deliver a return that is triple the opposite of Vodafone's daily share price movement. If Vodafone's shares go up by 1%, this ETP aims to decrease by 3%, and vice versa. However, it's crucial to understand that due to the leverage and daily resetting, this product is intended for sophisticated investors with a high-risk tolerance and is generally not suitable for long-term holding periods. Compounding effects can significantly impact returns over time, potentially deviating from the expected 3x short performance.
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Factors

Underlying Asset Performance: 3SVP tracks the S&P 500; its price closely mirrors that index's movements. Positive S&P 500 performance usually lifts 3SVP, and vice versa.

Supply and Demand: Market demand for 3SVP shares influences its price. Higher demand can push the price up, while increased selling pressure can lower it.

Currency Fluctuations: As a GBP-denominated ETF tracking a USD-based index, currency exchange rates impact its value. A stronger GBP versus USD can decrease its price, and vice versa.

Expense Ratio: While not directly affecting the daily price, the ETF's expense ratio subtly influences long-term returns, impacting its attractiveness to investors.

Market Sentiment: Overall investor confidence or fear can drive buying or selling of 3SVP, affecting its price regardless of the underlying index's exact performance.

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