NVD:NASDAQGraniteShares 2x Short NVDA Daily ETF Analysis
Data as of 2026-06-01 - not real-time
Latest Price
Risk Level: High
Executive Summary
The ETF trades at $4.29, well below its 20‑day SMA ($4.71), 50‑day SMA ($5.79) and 200‑day SMA ($7.62), confirming a pronounced bearish price trend. Momentum indicators are weak – RSI‑14 sits at 37.3 and the MACD histogram is modestly positive (0.08) despite a bullish signal label, while volume is on a decreasing trajectory. Volatility is extreme at 86.8% over 30 days and the fund has already suffered a -76.6% max drawdown, reflecting the inherent risk of a 2x inverse leveraged structure. The Fear/Greed Index reads “Extreme Greed” (92.77), suggesting market optimism that could drive NVDA higher, which would be detrimental to a short‑NVDA product. Together, these metrics point to a high‑risk, bearish‑biased position with limited upside potential in a rising NVDA environment.
Market Outlook
Short Term
< 1 yearKey Factors
- Price below SMA 20/50/200 confirming bearish trend
- High 30‑day volatility (86.8%) and decreasing volume
- Negative beta (-3.53) amplifying inverse market moves
Medium Term
1–3 yearsKey Factors
- Max drawdown of -76.6% indicating severe leveraged loss potential
- Extreme Greed sentiment (92.77) may trigger NVDA rally, hurting inverse exposure
- Leveraged 2x short structure magnifies downside if NVDA rises
Long Term
> 3 yearsKey Factors
- Sustained high volatility and bearish price action erode value over time
- Concentration in a single semiconductor stock (NVDA) raises sector risk
- Inverse leveraged design limits upside in any prolonged NVDA uptrend
Key Metrics & Analysis
Fund Metrics
Technical Analysis
Risk Assessment
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.