This ETF provider launches a new way to play Tesla

An exchange-traded fund provider helps investors make more bets on Wall Street’s most profitable momentum trades.

GraniteShares, which debuted its first single-stock ETF in 2022he now manages 20 of them. It includes the GraniteShares YieldBoost TSLA ETF (TSYY)which launched last month. The fund gives investors exposure to Tesla.

“This is more and more people taking over their own finances,” GraniteShares CEO William Rhind told CNBC. “Edge ETF” this week “They want to be able to actively manage that and maybe try and overcome it … That’s where we see things like leverage, single stocks really come into play.”

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

“We have investors all over the world looking first to the US ETF market because it’s the biggest source of liquidity,” Rhind added. “They are looking for the names they know and love – the Teslas of the world [and] him Nvidias of the world. They’re only available here in the United States, and that’s why people come here to trade.”

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

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

At the end of Friday, Tesla’s stock is almost $100, or about 19%, off its all-time high – hit on December 18.