Graniteshares 2x Short NVDA Daily ETF (NVD)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
5.02 USD
-0.02
(-0.397%) ⇩
(June 12, 2026, 4 p.m.
EDT)
After hours: 5.00 -0.02 (-0.020%) ⇩ (June 12, 2026, 7:49 p.m. EDT) |
Hot Take ↕ | June 7, 2026, 3:48 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from a collapse in NVIDIA, yet the underlying asset has been a massive winner, dropping roughly 74% in just one year. While the recent price action shows a slight bounce, the structural reality is dire: the fund has lost nearly three-quarters of its value in a single year, and the compounding decay of a leveraged short product makes holding it a losing proposition regardless of minor daily fluctuations. The options data confirms a bearish sentiment, with traders buying insurance against further drops rather than betting on a recovery. There is no fundamental business case here to hold; the 'business' is simply the hope that NVIDIA will crash hard enough to offset the leverage drag, which is a low-probability outcome given the recent performance. Avoid this entirely. |
| Model | MAE |
|---|---|
| MSTL_78 ✓ | 0.078342 |
| MSTL | 0.093372 |
| AutoARIMA | 0.094551 |
| AutoETS | 0.094683 |
| AutoTheta | 0.095405 |
| MSTL_117 | 0.127754 |
| MSTL_78_117 | 0.161768 |
Forecast horizon: 60 days | Selected: MSTL_78
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.26 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.839 |
| Excess Kurtosis | -0.30 |
As of June 7, 2026, 3:48 a.m. EDT: Speculators are positioning aggressively for a massive decline, evidenced by the overwhelming open interest in deep out-of-the-money puts (strikes $1-$10) expiring in late 2027 and 2028, which dwarfs call interest. Conversely, call buyers are focused on extreme upside scenarios ($20-$56 strikes), suggesting a binary bet on volatility rather than a directional trend. The implied volatility skew is heavily distorted toward downside protection, indicating the market prices in a high probability of significant losses relative to the current price.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 12.07% | 12.07% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-29 | 0.846 | 12.068473 |
| 2024-12-27 | 2.608 | 9.052413 |
| 2023-12-27 | 75.125 | 15.747000 |
| Attribute | Value |
|---|---|
| All Time High | 786.35 |
| All Time Low | 1.96 |
| Ask | 5.03 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 59,647,220 |
| Average Daily Volume3 Month | 76,296,358 |
| Average Volume | 76,296,358 |
| Average Volume10Days | 59,647,220 |
| Beta3 Year | 0.0 |
| Bid | 4.99 |
| Bid Size | 1 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.1086 |
| Day Low | 4.93 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.267 |
| Fifty Day Average Change | -0.24700022 |
| Fifty Day Average Change Percent | -0.046895806 |
| Fifty Two Week Change Percent | -66.88654 |
| Fifty Two Week High | 15.73 |
| Fifty Two Week High Change | -10.709999 |
| Fifty Two Week High Change Percent | -0.6808646 |
| Fifty Two Week Low | 3.93 |
| Fifty Two Week Low Change | 1.0899999 |
| Fifty Two Week Low Change Percent | 0.27735367 |
| Fifty Two Week Range | 3.93 - 15.73 |
| First Trade Date Milliseconds | 1,692,711,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,692,576,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,023-08-22 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2x the inverse (-200%) daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock; at the end of each trading day, the notional exposure against the underlying stock obtained through the combination of these instruments will be approximately -200% of the fund’s net asset value. It is non-diversified. |
| Long Name | Graniteshares 2x Short NVDA Daily ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1847925930 |
| Nav Price | 5.03 |
| Net Assets | 62,645,096.0 |
| Net Expense Ratio | 1.35 |
| Open | 5.06 |
| Post Market Change | -0.01999998 |
| Post Market Change Percent | -0.398406 |
| Post Market Price | 5.0 |
| Post Market Time | 1,781,308,180 |
| Previous Close | 5.04 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.02 |
| Regular Market Change Percent | -0.396825 |
| Regular Market Day High | 5.1086 |
| Regular Market Day Low | 4.93 |
| Regular Market Day Range | 4.93 - 5.1086 |
| Regular Market Open | 5.06 |
| Regular Market Previous Close | 5.04 |
| Regular Market Price | 5.02 |
| Regular Market Time | 1,781,294,400 |
| Regular Market Volume | 60,505,330 |
| Short Name | GraniteShares 2x Short NVDA Dai |
| Source Interval | 15 |
| Symbol | NVD |
| Total Assets | 62,645,096 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -34.70745 |
| Trailing Three Month Returns | -34.70745 |
| Triggerable | 1 |
| Two Hundred Day Average | 7.401325 |
| Two Hundred Day Average Change | -2.3813252 |
| Two Hundred Day Average Change Percent | -0.3217431 |
| Type Disp | ETF |
| Volume | 60,505,330 |
| Yield | 0.0 |
| Ytd Return | -31.32867 |