GraniteShares 1.25x Long Tsla Daily ETF

Frequently Asked Questions About TSL

What does TSL invest in?

TSL is a short-term tactical tool that aims to deliver 1.25x the price return, less fees and expenses, for a single day of Tesla stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 1.25x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. It may either buy deep in-the-money calls or use a synthetic forward options strategy. Aside from the leverage, the shares take on added volatility due to the lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested.

What is the expense ratio of TSL?

GraniteShares 1.25x Long Tsla Daily ETF (TSL) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TSL?

GraniteShares 1.25x Long Tsla Daily ETF (TSL) manages $10.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TSL actively managed or an index fund?

TSL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TSL launched?

GraniteShares 1.25x Long Tsla Daily ETF (TSL) launched in August 2022 and is managed by GraniteShares.

How has TSL performed?

TSL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.