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GraniteShares 3x Long MicroStrategy Daily ETP
ISIN XS2617255760
|Ticker LMI3
ETN Leverage strategy
TER
0.99% p.a.
Distribution policy
Accumulating
Replication
Synthetic
Fund size
GBP 54 m
Inception Date
2 February 2022
Overview
Description
The GraniteShares 3x Long MicroStrategy Daily ETP seeks to track the Solactive Daily Leveraged 3x Long MicroStrategy (3x) index. The Solactive Daily Leveraged 3x Long MicroStrategy (3x) index tracks the three times leveraged performance of the MicroStrategy share on a daily basis.
Chart
Basics
Data
| Index | Solactive Daily Leveraged 3x Long MicroStrategy (3x) |
| Investment focus | Equity, United States, Technology |
| Fund size | GBP 54 m |
| Total expense ratio | 0.99% p.a. |
| Replication | Synthetic (Swap-based) |
| Legal structure | ETN |
| Strategy risk | Leverage |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in GBP) | 493.28% |
| Inception/ Listing Date | 2 February 2022 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | GraniteShares |
| Fund Structure | - |
| UCITS compliance | No |
| Administrator | - |
| Investment Advisor | - |
| Custodian Bank | - |
| Revision Company | - |
| Fiscal Year End | - |
| Swiss representative | - |
| Swiss paying agent | - |
| Germany | Unknown |
| Switzerland | Unknown |
| Austria | Unknown |
| UK | Unknown |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | - |
| Securities lending | No |
| Securities lending counterparty | - |
Similar ETNs
This section provides you with information on other ETNs with a similar investment focus to the GraniteShares 3x Long MicroStrategy Daily ETP.
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How do you like our ETF profile? Here you'll find our Questionnaire.
Performance
Returns overview
| YTD | -51.68% |
| 1 month | +23.91% |
| 3 months | -62.15% |
| 6 months | -73.70% |
| 1 year | -83.63% |
| 3 years | -99.69% |
| 5 years | - |
| Since inception (MAX) | -99.68% |
| 2024 | -52.31% |
| 2023 | +1,422.17% |
| 2022 | - |
| 2021 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 493.28% |
| Volatility 3 years | 370.54% |
| Volatility 5 years | - |
| Return per risk 1 year | -0.17 |
| Return per risk 3 years | -0.23 |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -97.82% |
| Maximum drawdown 3 years | -99.92% |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -99.97% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | 3LMI | - - | - - | - |
| London Stock Exchange | GBX | LMI3 | - - | - - | - |
| London Stock Exchange | USD | 3LMI | - - | - - | - |
Further information
Further ETNs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| GraniteShares 3x Long NVIDIA Daily ETP | 26 | 0.99% p.a. | Accumulating | Swap-based |
| GraniteShares 3x Long Coinbase Daily ETP | 5 | 0.99% p.a. | Accumulating | Swap-based |
| GraniteShares 3x Short NVIDIA Daily ETP | 4 | 0.99% p.a. | Accumulating | Swap-based |
| GraniteShares 3x Short MicroStrategy Daily ETP | 1 | 0.99% p.a. | Accumulating | Swap-based |
Frequently asked questions
What is the name of LMI3?
The name of LMI3 is GraniteShares 3x Long MicroStrategy Daily ETP.
What is the ticker of GraniteShares 3x Long MicroStrategy Daily ETP?
The primary ticker of GraniteShares 3x Long MicroStrategy Daily ETP is LMI3.
What is the ISIN of GraniteShares 3x Long MicroStrategy Daily ETP?
The ISIN of GraniteShares 3x Long MicroStrategy Daily ETP is XS2617255760.
What are the costs of GraniteShares 3x Long MicroStrategy Daily ETP?
The total expense ratio (TER) of GraniteShares 3x Long MicroStrategy Daily ETP amounts to 0.99% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is GraniteShares 3x Long MicroStrategy Daily ETP paying dividends?
GraniteShares 3x Long MicroStrategy Daily ETP is an accumulating ETF. This means that dividends are not distributed to investors. Instead, dividends are reinvested in the fund on the ex-date, which leads to an increase of the ETF's share price.
What's the fund size of GraniteShares 3x Long MicroStrategy Daily ETP?
The fund size of GraniteShares 3x Long MicroStrategy Daily ETP is 54m GBP. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.