NVD

GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF

$7.93

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The GraniteShares 2x Short NVDA Daily ETF (NVD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the common stock of NVIDIA Corporation.

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF

Category Inverse

Issuer Other

Inception Date 2023-08-22

Market Cap N/A

Average Volume N/A

Dividend Yield 37.90%

52-Week Range $6.86 - $44.37

VWAP $8.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF uses a range of financial instruments, such as swap agreements and futures contracts, to provide the desired inverse exposure to NVIDIA's stock price movements on a daily basis. It does not seek to achieve its investment objective over periods longer than a single trading day.

✨ Key Features

Provides 2x inverse exposure to NVIDIA's stock price on a daily basis
Designed for short-term, speculative trading and not long-term investment
Employs derivatives to achieve its inverse exposure objective
Has a very low asset base and expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to the leveraged nature of the fund
Risk of divergence from the target -2x daily performance of NVIDIA's stock
Potential for increased tracking error and slippage over longer holding periods
Liquidity risk due to the low asset base and trading volume

👤 Best For

This ETF is designed for experienced, risk-tolerant traders who seek to speculate on or hedge against short-term declines in NVIDIA's stock price. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.