Graniteshares 3X Short Tesla Daily ETP (LON:3STE)

London · Delayed Price · Currency is GBP · Price in EUR

1.644

-0.014 (-0.84%)

Last updated: Sep 22, 2026, 11:31 AM GMT

Assets	4.23M
Expense Ratio	0.99%
PE Ratio	n/a
Dividend (ttm)	n/a
Dividend Yield	n/a
Ex-Dividend Date	n/a
Payout Frequency	n/a
Payout Ratio	n/a
1-Year Return	-55.47%

Volume	658
Open	1.644
Previous Close	1.658
Day's Range	1.644 - 1.644
52-Week Low	1.549
52-Week High	4.200
Beta	n/a
Holdings	1
Inception Date	Jun 26, 2020

About 3STE

GraniteShares 3x Short Tesla Daily ETP is a collateralised Exchange-Traded Product (ETP) designed to provide sophisticated investors with leveraged inverse exposure to Tesla Inc. stock. It tracks the Solactive Daily Leveraged 3x Short Tesla Index, aiming to deliver -3 times the daily performance of Tesla Inc., excluding fees and adjustments—for instance, a 1% daily rise in Tesla results in approximately a 3% decline in the ETP, and vice versa. Backed by collateral held in a segregated account by an independent custodian like The Bank of New York Mellon, it mitigates counterparty risk from its swap structure with providers such as Natixis. Denominated in USD and available in multiple currencies including EUR and GBX, the ETP accumulates dividends and features a total expense ratio around 0.99% p.a., with daily rebalancing that amplifies volatility over periods longer than one day. Launched in June 2020 and domiciled in Ireland, it serves as a tactical tool in derivatives markets for short-term bearish strategies on Tesla, the leading electric vehicle and energy storage innovator, without requiring direct short-selling. High risks include leverage amplification, compounding effects, and potential total loss of principal, suiting only informed, risk-tolerant participants.

Asset Class Equity

Category Consumer Discretionary

Stock Exchange London Stock Exchange

Ticker Symbol 3STE

Provider GraniteShares

Index Tracked Solactive Daily Leveraged 3x short Tesla Index - Benchmark TR Net

Performance

3STE had a total return of -55.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 212.91%.

Top Holdings

Name	Symbol	Weight
TRS Solactive Dly Lev 3x Short Tesla TR USD	n/a	100.00%