What is the ISIN of GraniteShares 2x Short NVDA Daily ETF?

The ISIN of GraniteShares 2x Short NVDA Daily ETF is US38747R6291.

What does leveraged daily exposure mean for GraniteShares 2x Short NVDA Daily ETF?

GraniteShares 2x Short NVDA Daily ETF aims to deliver 2 times the daily return of NVDA (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect GraniteShares 2x Short NVDA Daily ETF?

Volatility decay (also called compounding drag) occurs because GraniteShares 2x Short NVDA Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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GraniteShares 2x Short NVDA Daily ETF (NVD) Price

GraniteShares 2x Short NVDA Daily ETF Price

— EUR

TER1.35 %

AUM95.14 M USD

IndexNVIDIA Corporation

CurrencyUSD

Funds Launch8/21/2023

GraniteShares 2x Short NVDA Daily ETF Price

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Underlying

NVDA

NVDA2X Short Daily

NVDA

GraniteShares 2x Short NVDA Daily ETF provides 2X inversedaily exposure to NVDA.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.