What is the ISIN of GraniteShares 3x Short NIO Daily ETP?

The ISIN of GraniteShares 3x Short NIO Daily ETP is XS3069879768.

What does leveraged daily exposure mean for GraniteShares 3x Short NIO Daily ETP?

GraniteShares 3x Short NIO Daily ETP aims to deliver 3 times the daily return of NIO (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect GraniteShares 3x Short NIO Daily ETP?

Volatility decay (also called compounding drag) occurs because GraniteShares 3x Short NIO Daily ETP rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X 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 3x Short NIO Daily ETP (3SNI.L) Price

GraniteShares 3x Short NIO Daily ETP Price

— EUR

TER0.99 %

AUM1.03 M USD

IndexSolactive Daily Leveraged 3x Short NIO Index - Benchmark TR Gross

CurrencyUSD

Funds Launch3/8/2021

GraniteShares 3x Short NIO Daily ETP Price

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Underlying

NIO

NIO3X Short Daily

NIO

GraniteShares 3x Short NIO Daily ETP provides 3X inversedaily exposure to NIO.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.