GraniteShares’ new platform of short and leveraged single stock daily Exchange-Traded Product (ETPs), for the first time, enables sophisticated investors to take positions on both rising and falling share prices.

This new category reflects the evolution of the ETP market from broad index solutions to the ability today to take very targeted positions.

While the GraniteShares ETPs enable sophisticated investors to take positions on both rising and falling share prices, they can also be used to hedge individual stock exposures, including those in index or fund holdings. By providing transparent access through an ETP, GraniteShares is removing the barriers that sophisticated investors face if they want to use leverage.

Will Rhind, founder and CEO of GraniteShares, said: “At GraniteShares we’re giving active investors access to a new type of investment that didn’t exist before. We’re proud to bring this new innovation to the UK market. The convenience and transparency provided by ETPs means that investors with the appetite and experience to use leverage can trade through investment platforms rather than having to open a margin account.

“At a time when it has become statistically harder and harder to actually make money in the markets and outperform, GraniteShares is giving investors the ability to express very focused views, both long and short, on popular UK single stocks through ETPs.

GraniteShares has offices in New York and London.

GraniteShares’ assets under management stood at US$697.2 million / £538.7 million at 31 October 2019.