GraniteShares 3x Short Palantir
3SPA.PA
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- GraniteShares 3x Short Palantir (ticker: 3SPA.PA) is an exchange-traded product (ETP) that provides leveraged inverse exposure to the daily price performance of Palantir Technologies Inc. shares. The product seeks to deliver three times the inverse daily return of Palantir stock, before fees and expenses, using swaps and other derivatives; it does not invest directly in the underlying shares. GraniteShares 3x Short Palantir operates as part of GraniteShares' suite of single-stock leveraged and inverse ETPs, targeting sophisticated investors seeking short-term trading strategies in the technology sector. Headquartered in London, United Kingdom, GraniteShares, the issuer, was founded in 2012 and offers a range of commodity, currency, equity, and fixed-income ETPs listed on exchanges across Europe, including Euronext Paris where 3SPA.PA trades. The ETP focuses on retail and institutional investors interested in amplified bearish bets on high-profile U.S. tech stocks like Palantir; it features daily reset mechanics, making it suitable for tactical positioning rather than long-term holding due to compounding effects. Geographically, it serves investors primarily in the European Economic Area, with assets under management fluctuating based on market volatility and investor sentiment toward Palantir. In recent developments, GraniteShares expanded its single-stock ETP lineup in 2024 with launches including 3x Short Palantir, alongside similar products for Nvidia and Tesla, amid surging demand for leveraged tech exposure amid AI and growth stock volatility. The firm also announced strategic partnerships with market makers to enhance liquidity and reduce tracking errors in its leveraged products. No major acquisitions or reorganizations have been reported for GraniteShares in the past 1-2 years, though it continues to innovate with new leveraged and inverse offerings tied to prominent U.S. equities.