- (1:15) - Understanding How Single Stock ETFs Work: NVDL, FBL & TSLL
- (10:00) - How Should Investors Use These Kind of Products In Their Portfolios?
- (18:35) - GraniteShares Gold Trust: BAR
- (22:25) - Breaking Down Bitcoin and Oil: Where Is The Price Heading In The Coming Months?
- (28:10) - GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF: COMB
- (32:50) - Episode Roundup: IAUM, GLDM, PDBC
- Podcast@Zacks.com
In this episode of ETF Spotlight, I speak with William Rhind, CEO at GraniteShares, about single stock ETFs, gold, oil and other commodities.
Single stock ETFs, which made their debut in the US last year, can be used to make supercharged bets on or against popular stocks. However, investors should remember that these products are not meant for buy-and-hold investing. They should be used only as short-term trading vehicles by investors who closely monitor their portfolios daily.
The GraniteShares 1.5X Long NVDA Daily ETF NVDL has gained about 355% so far this year, while NVIDIA NVDA has seen a 215% gain amid the artificial intelligence frenzy. It is the top-performing ETF so far this year.
The GraniteShares 1.5x Long Meta Daily ETF FBL, which provides leveraged exposure to Meta Platforms (META), has rallied 250% year-to-date.
The Direxion Daily TSLA Bull 1.5X Shares TSLL, which focuses on Tesla TSLA, became the first single-stock ETF to top $1 billion in AUM earlier this year, although it has seen some outflows in recent weeks.
Other products in the space including those tied to the most popular stocks like Apple AAPL and Microsoft (MSFT) haven’t seen much interest from investors.
We discuss how these products should be used.
In October, gold jumped 8%, marking its strongest monthly performance since March when it benefited from the banking crisis. More recently, the precious metal has risen due to heightened concerns about a broader conflict in the Middle East.
The war has raised questions about crude supply from the oil-rich Middle East. Oil prices spiked after the war but fell last week on hopes that the conflict can be contained. They are rebounding today after Saudi Arabia and Russia announced extension of their production cuts.
We discuss the role of gold and other commodities in a portfolio.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>Apple Inc. (AAPL) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
Direxion Daily TSLA Bull 1.5X Shares (TSLL): ETF Research Reports
GraniteShares 1.5x Long META Daily ETF (FBL): ETF Research Reports
GraniteShares 1.5x Long NVDA Daily ETF (NVDL): ETF Research Reports
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
