GraniteShares 3x Long Coinbase Daily ETP

An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.

LCO3 trades at 434.5 GBX today, its price has risen 11.45% in the past 24 hours. Track more dynamics on LCO3 price chart.

LCO3 net asset value is 4.30 today — it's risen 96.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.

LCO3 assets under management is ‪6.25 M‬ GBX. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.

LCO3 price has risen by 78.64% over the last month, and its yearly performance shows a −7.55% decrease. See more dynamics on LCO3 price chart.
NAV returns, another gauge of an ETF dynamics, showed a −13.87% decrease in three-month performance and has increased by 4.15% in a year.

LCO3 fund flows account for ‪−196.78 M‬ GBX (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.

Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.

Yes, LCO3 is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.

In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, LCO3 technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating LCO3 shows the neutral signal. See more of LCO3 technicals for a more comprehensive analysis.

No, LCO3 doesn't pay dividends to its holders.

LCO3 trades at a premium (2.38%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.

LCO3 shares are issued by GraniteShares, Inc.

LCO3 follows the Solactive Daily Leveraged 3x long Coinbase Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.

The fund started trading on Jan 10, 2022.