Graniteshares 2x Short NVDA Daily ETF (NVD)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
5.62 USD
-0.19
(-3.270%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 5.65 +0.03 (0.511%) ⇧ (April 17, 2026, 7:59 p.m. EDT) Short-term: ☆☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 19, 2026, 12:09 a.m. EDT
NVD is a high-endanger short instrument caught in a feedback loop with its underlying, NVIDIA. The 2x Short structure means any massive rally in NVDA is catastrophic for this ETF. The recent price action shows a bleeding capitulation, dropping from highs of $8.52 to $5.62, triggered by what appears to be a fear of an NVDA earnings catalyst or drift. The options data confirms the bottom is not a buying opportunity yet; the extreme IV spikes on out-of-the-money deep-week strikes suggest big money is preparing hedges for a potential massive jump in the underlying tech sector, which translates to a total blow-up for this leveraged short ETF. Hold for liquidity, do not trade for profit until NVDA shows stability. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.059214 |
| AutoETS | 0.059230 |
| MSTL | 0.061125 |
| AutoARIMA | 0.068523 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 2.36 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.668 |
| Excess Kurtosis | 0.61 |
As of April 19, 2026, 12:09 a.m. EDT: Options flow indicates extreme pessimism and a bearish sentiment crush on NVD. Recent April expiry data shows heavy in-the-money (ITM) put positioning (low OTM OI%) and a 113.5% lift in OTM call interest at the 12.0 strike (theoretical barrier for this bear ETF), yet the spot price trend (down 20% in 2 weeks) suggests this call activity is purely hedging the short-leg of the positions, not a bullish bet on the fund itself. Most tellingly, deep weeks (2027+) show massive 'Volume Spikes' on 35-55 strike calls (up to 878.6% volume increase) and 276% IV spikes. This asymmetric data on a 2x short ETF signifies traders are buying aggressive protection against the underlying (NVDA) soaring, or speculating on a massive leaky short if they go long the short, but the lack of OTM protection buying (insignificant put OI in deep weeks) confirms a one-sided 'short the price' thesis. It is a hedge-heavy, bearish cluster.
| 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 | 10.171399 |
| 2023-12-27 | 75.125 | 19.362886 |
| Attribute | Value |
|---|---|
| All Time High | 786.35 |
| All Time Low | 1.96 |
| Ask | 5.66 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 69,153,440 |
| Average Daily Volume3 Month | 76,876,429 |
| Average Volume | 76,876,429 |
| Average Volume10Days | 69,153,440 |
| Beta3 Year | 0.0 |
| Bid | 5.57 |
| Bid Size | 1 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.755 |
| Day Low | 5.61 |
| 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 | 7.0207 |
| Fifty Day Average Change | -1.4007001 |
| Fifty Day Average Change Percent | -0.19951004 |
| Fifty Two Week Change Percent | -84.301674 |
| Fifty Two Week High | 36.9 |
| Fifty Two Week High Change | -31.280003 |
| Fifty Two Week High Change Percent | -0.8476965 |
| Fifty Two Week Low | 5.61 |
| Fifty Two Week Low Change | 0.009999752 |
| Fifty Two Week Low Change Percent | 0.0017824869 |
| Fifty Two Week Range | 5.61 - 36.9 |
| 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 | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1847925930 |
| Nav Price | 5.61 |
| Net Assets | 88,736,992.0 |
| Net Expense Ratio | 1.35 |
| Open | 5.715 |
| Post Market Change | 0.028700352 |
| Post Market Change Percent | 0.5106824 |
| Post Market Price | 5.6487 |
| Post Market Time | 1,776,470,354 |
| Previous Close | 5.81 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.19 |
| Regular Market Change Percent | -3.27022 |
| Regular Market Day High | 5.755 |
| Regular Market Day Low | 5.61 |
| Regular Market Day Range | 5.61 - 5.755 |
| Regular Market Open | 5.715 |
| Regular Market Previous Close | 5.81 |
| Regular Market Price | 5.62 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 33,458,893 |
| Short Name | GraniteShares 2x Short NVDA Dai |
| Source Interval | 15 |
| Symbol | NVD |
| Total Assets | 88,736,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 5.59441 |
| Trailing Three Month Returns | 5.59441 |
| Triggerable | 1 |
| Two Hundred Day Average | 8.467675 |
| Two Hundred Day Average Change | -2.8476753 |
| Two Hundred Day Average Change Percent | -0.33629954 |
| Type Disp | ETF |
| Volume | 33,458,893 |
| Yield | 0.0 |
| Ytd Return | 5.59441 |