- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Aug 9, 2022
- Business
- GraniteShares 1.25x Long TSLA Daily ETF (TSL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 1.25 times (125%) the daily percentage change of the common stock of Tesla Inc. (NASDAQ: TSLA). The fund, which is actively managed and non-diversified, achieves its objective through swap agreements with major financial institutions to replicate the leveraged exposure to TSLA's daily performance, providing investors with magnified returns on Tesla stock without the need for direct margin borrowing or collateral maintenance.
GraniteShares plc, the issuer and manager of TSL, offers a broad suite of exchange-traded funds and products including leveraged and inverse single-stock ETFs (such as those on Tesla, NVIDIA, Coinbase, MARA, and IONQ); YieldBOOST income-generating ETFs employing systematic options strategies on leveraged single-stock and thematic exposures; physically backed commodities funds for gold, platinum, and broad indices; high-income pass-through securities funds; and concentrated equity baskets on U.S. technology stocks. These products target high-conviction investors seeking innovative structures for leveraged equity, income generation, commodities, and disruptive technologies, with operations spanning the United States, United Kingdom, Europe (listings in London, Italy, France, Germany), and Asia.
Founded in 2016 and headquartered in New York, New York, GraniteShares has grown rapidly, surpassing $13 billion in assets under management as of late 2025, driven by demand for its single-stock leveraged and YieldBOOST offerings. In the past two years, the firm reduced management fees on key Tesla-linked leveraged ETFs TSLR and TSDD to 0.95% in July 2024 to enhance competitiveness; launched multiple YieldBOOST ETFs including RTYY and HMYY (December 2025), RGYY and QBY (November 2025), MAAY and IOYY (November 2025), MTYY and PLYY (September 2025), and fund-of-funds YBST and YBTY (December 2025); introduced new leveraged single-stock ETFs such as ISUL and NBIL (October 2025); effected name changes and investment objective adjustments for certain short and leveraged ETFs in May 2025; and filed for additional ETF registrations in December 2025. These expansions underscore GraniteShares' strategic focus on high-growth sectors like quantum computing, semiconductors, digital assets, and single-stock trading opportunities.