GraniteShares: Investors and UK fuel crisis: Data reveals investors bank on no quick resolution to UK fuel crisis as more look to leverage trades on BP, Shell and Glencore
Will Rhind, Founder and CEO at GraniteShares
Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, analysis from ETP provider GraniteShares which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks suggests.
Analysis of data on its 3x long and 3x short ETPs on BP, Royal Shell and Glencore shows investors are increasingly bullish on these stocks in expectation that prices will rise despite recent strong performance partly driven by the UK fuel crisis. Soaring natural gas prices and concerns over possible winter shortages have motivated a number of investors to position accordingly.
Figures for the past week show 3X Long ETP for Royal Dutch Shell 3LRD has seen the volume of funds traded rise by 19% in the past week while the volume traded in BP 3LBP is down by 14% and in Glencore 3LGL it is up 45%.
Will Rhind, Founder and CEO at GraniteShares said: “The oil giants and Glencore have benefited recently from optimism about rising commodities prices and the UK fuel crisis. It would appear that investors don’t see an end to that any time soon and are positioning themselves for higher prices by holding the 3X Long ETPs.”
GraniteShares currently offers 54 exchange traded products (ETPs) listed on the London Stock Exchange. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK and U.S. markets.
Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google