ETP provider GraniteShares has seen a surge in the value of money traded in its Glencore, Rio Tinto, Shell and BP leveraged exchange traded products (ETPs) as global economies recover and talk of a commodity super cycle intensifies.
In May 2021 the GraniteShares 3x long ETPs of these stocks saw £7.1 million traded versus £5.3m traded in April, a 33% increase in trading volume over a single month. In the meantime, the firm’s 3x short ETPs of these stocks, traded £1m in May compared to £0.26m in April, a 300% increase. According to CEO and founder Will Rhind, the increasing trading activity further supports the fact that investors are getting more comfortable expressing their views on single. &
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