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

Assets	4.24M
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	-53.08%

Volume	11,031
Open	1.910
Previous Close	1.880
Day's Range	1.787 - 1.910
52-Week Low	1.722
52-Week High	4.954
Beta	-1.12
Holdings	1
Inception Date	Jun 26, 2020

About 3STS

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: 3STS
• Provider: GraniteShares
• Index Tracked: Solactive Daily Leveraged 3x short Tesla Index - Benchmark TR Net

Performance

3STS had a total return of -53.08% in the past year, including dividends. Since the fund's inception, the average annual return has been -65.20%.

Top Holdings

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

Data Sources: Twelve Data, Financial Modeling Prep, and more

Historical data is provided by Twelve Data. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 23, 2026

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