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GRPZ

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--%
1d
1w
1m

Analysis and statistics

  • Open
    26.3376$
  • Previous Close
    26.0418$
  • 52 Week Change
    --
  • Day Range
    0.30$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

GRPZ.US refers to the GraniteShares 1.5x Short TSLA Daily ETF. This ETF is designed to provide investors with 1.5 times the inverse (opposite) of the daily performance of Tesla (TSLA) stock. It's a leveraged and inverse ETF, meaning it aims to amplify the returns (or losses) of Tesla in the opposite direction. It's important to note that due to the daily reset feature and the leverage involved, GRPZ.US is primarily intended for short-term trading and is generally not suitable for long-term investment strategies. The performance over periods longer than a day can deviate significantly from 1.5 times the inverse return of Tesla.

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Factors

Underlying Holdings: The price of GRPZ.US is heavily influenced by the performance of the companies it tracks, primarily in the clean energy sector.

Supply and Demand: Like any exchange-traded fund, buying and selling pressures can affect GRPZ.US's market price, potentially causing deviations from its net asset value (NAV).

Interest Rates: Changes in interest rates can impact valuations of growth stocks, many of which reside within the clean energy sector, thereby affecting GRPZ.US.

Economic Conditions: General economic conditions, including inflation and recessionary fears, can shift investor sentiment towards or away from the clean energy market.

Policy and Regulation: Government policies, incentives, and regulations surrounding renewable energy and environmental initiatives can significantly impact clean energy companies and GRPZ.US.

Technological Advancements: Breakthroughs or setbacks in clean energy technologies can affect investor confidence in the sector and consequently, the ETF's price.

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