GraniteShares sees trading surge in Short ETPs 31 January 2022Global Reporter: Carmella Haswell
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GraniteShares has announced a 166 per cent surge in trading in its range of Short exchange-traded products (ETPs) amid market sell off.
The ETP provider offers a number of Short ETPs, which are designed to rise in value when the underlying stock or index falls, are seeing a rise in interest as investors seek to hedge portfolios against falling security prices.
The most active short ETPs have been TESLA (3STS), NIO (3SNI), NVIDIA (3SNV), UBER
(3SUB) and META (3SFB).
Founder and CEO at GraniteShares, Will Rhind, says: 鈥淭he surge in trading volumes we have witnessed on our Short ETPs in January demonstrates increasing willingness by investors to take action in volatile markets to hedge risk or to profit from falling prices.
鈥淪hort ETPs are fast becoming a popular product in the sophisticated active investor toolkit as they provide the flexibility needed to help navigate volatile market swings on both the long and short sides.鈥�
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