GraniteShares 2x Short NVDA Daily ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 3 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About NVD
The Fund is an actively managed exchange tradedfund that attempts to replicate 2x the inverse (-200%) daily percentage change of the Underlying Stock by entering into financial instrumentssuch as swaps and options on the Underlying Stock. At the end of each trading day, the notional exposure against the Underlying Stockobtained through the combination of these instruments will be approximately -200% of the Fund’s net asset value. The Fund aimsto generate the inverse daily performance of the Underlying Stock for a single day. A “single day” is defined as being calculated“from the close of regular trading on one trading day to the close on the next trading day.” The Fund will aim to primarily obtain its notionalexposure against the Underlying Stock through swap agreements. In case the Fund faces restriction in increasing its swap notional exposure,it may use option contracts on the Underlying Stock. Swaps: The Fund may enter into one or more swap agreementswith major financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the financialinstitution will agree to exchange the return (or differentials in rates of return) earned or realized on the Underlying Stock. The grossreturn to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” e.g.,the return on or change in value of a particular dollar amount representing the Underlying Stock. The Fund has adopted a policy to have at least80% of its investment exposure to financial instruments with economic characteristics that should have 2 times the inverse performanceof the Underlying Stock. The Fund is expected to post between 40% and 60%of its assets as collateral under the swap agreements. The Fund expects to use Cowen Financial ProductsLLC as its initial swap counterparty. Cowen Financial Products LLC is a conditionally registered swap dealer and is required to filecertain reports from time to time with the Securities and Exchange Commission. Cowen Financial Products LLC is an indirect subsidiaryof Toronto Dominion Bank, a Canadian company whose shares are listed for trade on the New York Stock Exchange (NYSE) under the symbol“TD.” Debts of Cowen Financial Products LLC as it may relate to the Fund are not guaranteed by its parent company. Options: Depending on market conditions, market liquidityand operational constraints, the Fund may either buy deep in-the-money put option contracts, or simultaneously buy an at-the-money putoption contract and sell an at-the-money call option contract (a strategy generally referred to as synthetic forward). All option contractsbought and sold will be against the Underlying Stock. The Fund will pay the premium for each put option contract bought and receive thepremium for each call option sold. The Fund’s participation in potential changes in the price of the Underlying Stock is basedon the price of the Underlying Stock at the time the Fund buys the put and sells the call option contracts, the strike price of the call(put) option contract and the Underlying Stock price at the time of the contract’s expiration. The maturity of the option contractbought and sold may vary from 1-week to 1-month. As part of the Fund’s strategy, the Fundmay buy a combination of standardized exchange-traded and FLexible EXchange® (“FLEX”) call and put options contractsthat are based on the value of the price returns of the Underlying Stock. The Fund will only buy and sell options contracts that arelisted for trading on regulated U.S. exchanges. Traditional exchange-traded options contracts have standardized terms, such as the type(call or put), the reference asset, the strike price and expiration date. Exchange-listed options contracts are guaranteed for settlementby the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listed options contract with uniquely customizableterms that allow investors to customize key terms like type, strike price and expiration date that are standardized in a typical optionscontract. FLEX Options are also guaranteed for settlement by the OCC. In general, an option is a contract that givesthe purchaser (holder) of the option, in return for a premium, the right to buy from (call) or sell to (put) the seller (writer) of theoption the security or currency underlying (in this case, the Underlying Stock) the option at a specified exercise price. An option is said to be “European Style” when it can beexercised only at expiration whereas an “American Style” option can be exercised at any time prior to expiration. The Fundmay use either European or American style options. The Fund’s cash balance may be invested inthe following instruments: (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money marketfunds; (3) short term bond ETFs; (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notesissued by businesses that are rated investment grade or of comparable quality as collateral for the Fund’s swap agreements; (5)repurchase transactions, which are transactions under which the purchaser (i.e., the Fund) acquires securitiesand the seller agrees, at the time of the sale, to repurchase the securities at a mutually agreed-upon time and price, therebydetermining the yield during the purchaser’s holding period, and/or; (6) US equities listed on a national security exchange,sovereign fixed income securities with a credit rating at least equal to the United States Federal Government, or corporate debt securities,such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade forthe purposes of entering into swap agreements with the Fund’s swap counterparties. TheFund has adopted a policy to have at least 80% of its investment exposure to financial instruments with economic characteristics thatshould have 2 times the inverse performance of the Underlying Stock. Dueto the Fund’s investment exposure to the Underlying Stock, the Fund’s investment exposure is concentrated in the semi-conductorindustry. NVIDIACorporation pioneers accelerated computing to help solve the most challenging computational problems. NVIDIA Corporation expanded itsfocus from personal computer graphics to include several other large and important computationally intensive fields, such as artificialintelligence, data science, autonomous vehicles, robotics and augmented and virtual reality. NVDA is registered under the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and ExchangeCommission by NVDA pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 000-23985through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding NVDA Corporation maybe obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents. Because of daily rebalancing and the compoundingof each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’sreturns compounded over the period, which will very likely differ from -200% of the return of the Underlying Stock over the sameperiod. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing,the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while theUnderlying Stock’s performance decreases over a period longer than a single day. THE FUND, THE GRANITESHARES ETF TRUST, AND GRANITESHARESADVISORS LLC ARE NOT AFFILIATED WITH THE UNDERLYING STOCK. This prospectus relates only to the Fund sharesoffered hereby and is not a prospectus for the common stock or other securities of NVIDIA Corporation. The common stock of NVIDIA Corporation(NVDA) is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to orfiled with the Securities and Exchange Commission by NVIDIA Corporation pursuant to the Exchange Act can be located at the Securitiesand Exchange Commission’s website at www.sec.gov. In addition, information regarding NVIDIA Corporation may be obtained from othersources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.
NVD News
- (NVD) Volatility Zones as Tactical Triggers
- Price-Driven Insight from (NVD) for Rule-Based Strategy
- North Vector Dynamics Receives Strategic Investment from Leading European Industrial Defence Group CSG
- CSG Invests in North Vector Dynamics, a Canadian Missile Systems Developer Advancing Autonomy, Precision Interception, and Hypersonic Technologies
- (NVD) Price Dynamics and Execution-Aware Positioning
- (NVD) Price Dynamics and Execution-Aware Positioning
- (NVD) as a Liquidity Pulse for Institutional Tactics
- (NVD) Risk Channels and Responsive Allocation
- ASML Faces Fresh China Export Scrutiny
- Why Is Market Breadth Divergence Shaping Sector Leadership Trends?
Data for NVD is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.