GraniteShares 3x Long Palantir Daily ETP Securities
3LPA.L
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- GraniteShares 3x Long Palantir Daily ETC (Ticker: 3LPA.L) is an exchange-traded commodity (ETC) that provides leveraged exposure to the daily performance of Palantir Technologies Inc. (NYSE: PLTR) stock. Launched by GraniteShares Limited, the product seeks to deliver three times (300%) the daily total return of Palantir shares, net of fees, through swap agreements with counterparties; it does not hold the underlying shares directly but uses derivatives for synthetic long exposure. The ETC targets sophisticated investors seeking amplified returns from Palantir's software platform, which specializes in big data analytics, AI-driven decision-making tools, and platforms like Foundry and Gotham for government and commercial clients; it is collateralized primarily by cash and money market instruments to mitigate counterparty risk. Headquartered in London, United Kingdom, GraniteShares, founded in 2017 as the issuer, operates across Europe with listings on the London Stock Exchange and other venues, offering a range of single-stock leveraged and inverse daily ETPs covering technology, finance, and commodities sectors; GraniteShares has no parent company and focuses on retail and institutional investors in the EEA. The firm provides products such as 2x and 3x long/short ETCs on individual equities including NVIDIA, Tesla, and Coinbase, alongside broader thematic ETFs; geographic operations emphasize regulated European markets compliant with UCITS and PRIIPs frameworks. In recent developments, GraniteShares expanded its single-stock leveraged ETC suite in 2024 with new launches including 3x Long NVIDIA Daily ETC and others amid surging demand for AI-related exposures, reflecting strategic growth in high-volatility tech themes. The issuer also announced enhancements to collateral management and counterparty diversification in mid-2025 to bolster product resilience amid volatile equity markets; no major acquisitions or funding rounds were reported, but ongoing partnerships with market makers like Jane Street and Citadel ensure liquidity. These changes align with GraniteShares' shift toward scaling its ETP platform to over 50 products, capitalizing on investor interest in leveraged single-name strategies.