GraniteShares 3x Short Barclays Daily ETC (3SBC.L) is a collateralized exchange-traded product (ETP) that seeks to deliver -3 times the daily performance of Barclays PLC (BARC.L), excluding fees and expenses. Launched on November 4, 2019, and issued by GraniteShares Financial Public Limited Company, a Dublin-based debt issuing vehicle incorporated in 2017, the ETP is listed on the London Stock Exchange and domiciled in Ireland with ISIN XS3081792064. It utilizes collateral held by an independent custodian, such as The Bank of New York Mellon SA/NV, to mitigate counterparty risk, and is designed for sophisticated investors seeking leveraged inverse exposure to Barclays PLC shares; available for sale in Ireland and the United Kingdom.
The ETP's performance is calculated daily, meaning if Barclays PLC rises 1% in a day, 3SBC.L aims to decline by 3%, and vice versa, adjusted for the 0.99% maximum annual charge. GraniteShares, the broader issuer founded in 2016 by William Rhind and headquartered in London with U.S. operations in New York, specializes in innovative ETPs and ETFs offering leveraged, short, and income-focused strategies on single stocks, commodities, disruptive technologies, and sectors like semiconductors and gold miners.
Recent developments include GraniteShares reaching $11 billion in assets under management as of October 2025, alongside expansions in its YieldBOOST lineup with new ETF launches targeting Riot Platforms (RTYY) and Hims & Hers Health (HMYY) in December 2025, and semiconductors (SEMY) and gold miners (NUGY) in November 2025. These launches apply systematic options strategies to leveraged ETFs in high-growth sectors, reflecting ongoing product innovation; no specific acquisitions, funding rounds, or reorganizations for the 3SBC.L ETP itself were reported in the past 1-2 years. The firm maintains operations across the U.S., Europe, and partnerships like Nasdaq for thematic indices, with GraniteShares Limited providing services under GraniteShares Jersey Limited.