This ETF provider launches a new way to play Tesla

An exchange-traded fund provider is helping investors place more bets on Wall Street’s most profitable momentum trades.

GraniteShares, which introduced its first installment of single-stock ETFs in 2022currently manages 20 of them. Includes the GraniteShares YieldBoost TSLA ETF (TSYY)which was released last month. The fund offers investors exposure to Tesla.

“It’s about more and more people taking charge of their own finances,” GraniteShares CEO William Rhind told CNBC. “ETF Advantage” this week. “They want to be able to actively manage that and maybe try to overcome it… That’s where we see things like leverage and individual stocks really coming into play.”

He calls the lawsuit “a global phenomenon” because it is not just an opportunity for American investors.

“We have investors around the world who are looking first at the US ETF market because it is the largest source of liquidity,” Rhind added. “They’re looking at the names they know and love: the Teslas of the world (and) the NVIDIAs of the world. “They are only available here in the US and that is why people come here to trade them.”

But the company recognizes that the strategy is not right for everyone.

GraniteShares includes a bold disclosure on its website: “An investment in these ETFs involves significant risks.”

As of Friday’s close, Tesla shares are nearly $100, or about 19%, from their all-time high, reached on December 18.