New York, Aug. 09, 2023 (GLOBE NEWSWIRE) -- GraniteShares today announced plans to reposition and rename a large-cap ETF in its fund range: GraniteShares XOUT U.S. Large Cap ETF (NYSE: XOUT) (the “Fund”). With this repositioning, the firm will change the ticker symbol, investment goal and strategy for the Fund. The index provider for the Fund will change from XOUT Capital, LLC to NASDAQ, Inc. and the underlying index will change as described below.
Effective August 15, 2023, the Fund will begin to seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Nasdaq US Large Cap Select Disruptors Index (the “New Index”).
The New Index is designed to provide exposure to some of the most disruptive companies in the US market. To be included in the index, stocks are ranked and selected using a multi-factor scoring model to capture 'disruption' across all three stages of the business lifecycle (Infancy, Expansion & Maturity). The New Index includes 50 companies with the highest 'Disruption Scores' among US large cap stocks.
Concurrently, the Fund’s name will change to “GraniteShares Nasdaq Select Disruptors ETF” and its new ticker symbol will be “DRUP”. The Fund’s shares will continue to be listed for trading on The New York Stock Exchange (NYSE). The Fund’s CUSIP is not expected to change.
About GraniteShares
GraniteShares is an independent ETF issuer headquartered in New York City.
GraniteShares U.S. ETF offering is presented below:
| ETF NAME | TICKER | UNDERLYING STOCK | MANAGEMENT FEE/TOTAL EXPENSES | |||||||
| GraniteShares 1.75x Long AAPL Daily ETF | AAPB | Apple | 0.99%/1.15 | % | ||||||
| GraniteShares 1.75x Long BABA Daily ETF | BABX | Alibaba | 0.99%/1.15 | % | ||||||
| GraniteShares 1.5x Long COIN Daily ETF | CONL | Coinbase | 0.99%/1.15 | % | ||||||
| GraniteShares 1.5x Long META Daily ETF | FBL | Meta | 0.99%/1.15 | % | ||||||
| GraniteShares 1.5x Long NVDA Daily ETF | NVDL | NVIDIA | 0.99%/1.15 | % | ||||||
| GraniteShares 1.25x Long TSLA Daily ETF | TSL | Tesla | 0.99%/1.15 | % | ||||||
| ETF NAME | TICKER | EXPOSURE | MANAGEMENT FEE/TOTAL EXPENSES | |||||||
| GraniteShares Gold Trust | BAR | Gold | 0.17 | % | ||||||
| GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | COMB | Broad Commodities | 0.25 | % | ||||||
| GraniteShares HIPS US High Income ETF | HIPS | High Income | 0.70%/3.19 | % | ||||||
| GraniteShares Platinum Trust | PLTM | Platinum | 0.50 | % | ||||||
| GraniteShares Nasdaq Select Disruptors ETF | DRUP | U.S. Large Cap | 0.60 | % | ||||||
For more information, images, video interview or to request interviews contact:
Media contact:
Gregory FCA for GraniteShares
Kathleen Elicker, 484-889-6597
graniteshares@gregoryfca.com
Important Information
Investors should consider the investment objectives, risks, charges and expenses of the GraniteShares funds (the “Funds”) carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747, or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk; Principal loss is possible. The Nasdaq US Large Cap Select Disruptors Index utilizes a proprietary, quantitative methodology developed by Nasdaq, Inc designed to identify companies that have high “Disruptor Scores”. The top 50 companies identified are then included in the index selection. The Fund is passively-managed and attempts to mirror the composition and performance of the Index. The Fund’s returns may diverge from that of the Index due to costs and expenses incurred by the Fund or its holdings may deviate from a precise correlation with the Index. The Index uses proprietary methodology to select securities and there can be no assurance this will result in positive performance. The Fund may concentrate its investments to the same extent as the index and it may be exposed to the risk of loss from adverse developments facing those industries. One cannot directly invest in an index. This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The Fund is distributed by ALPS Distributors, Inc, which is not affiliated with GraniteShares or any of its affiliates.
©2023 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares Trusts, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.
