I have leveraged Tesla shares using an ETF.I have GraniteShares 3x Long Tesla Daily ETP 'ticker 3LTP'. I was wondering what will happen to the shares/ share price of the 3x Long Tesla GraniteShares when Teslas stock splits on the 25th?Should I hold or should I be selling the shares now?Thank you.
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Guys, WSO community need some advice on this. How will Tesla stock split effect the Leveraged Tesla GraniteShares.
If you want predictions on how the split will move the price - it shouldn't, it's only a split.
If you mean what will happen to your 3x ETF? Probably nothing. I highly doubt they will do a split at the same time. If they do plan to split the etf that needs to be announced in advance as well.
Thank you, I wasn’t sure if the Split of Tesla would effect the ETF as it tracks its price.
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All else equal, doesn't a split result in increased demand for the share? Or is that negligible.
I’m not sure think so. Thank you
For a stonk with a lot of retail option volume then splits boost retail demand because option premia (given 100 lot sizes) become more affordable in absolute terms. The amount of retail option vol in T is insane
Thanks
I see you’re allergic to making money
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