NVD:NASDAQGraniteShares 2x Short NVDA Daily ETF Analysis
Data as of 2026-08-27 - not real-time
$3.73
Latest Price
8/10Risk
Risk Level: High
Executive Summary
Graniteshares 2x Short NVDA Daily ETF is priced at $3.73 and its moving averages line up in bearish order, the shorter trailing the longer. Over a rolling month the price has lost 21.5%. RSI sits at 37.4, which reads as approaching oversold, and MACD momentum is bullish. Recent trading has carved out support near $3.61 and resistance around $5.30.
The 1.35% expense ratio is expensive for its category, and the fund manages $50.6M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 88.7%, a beta of -3.82 and a maximum drawdown of 66.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 96 on the fear-greed composite.
The horizons diverge: sell near-term but hold on a long view, at 3/10 conviction over the longer horizon.
The 1.35% expense ratio is expensive for its category, and the fund manages $50.6M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 88.7%, a beta of -3.82 and a maximum drawdown of 66.2%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 96 on the fear-greed composite.
The horizons diverge: sell near-term but hold on a long view, at 3/10 conviction over the longer horizon.
Top Market Events
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Market Outlook
Short Term
< 1 yearCautious
Model confidence: 4/10
Key Factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 6.28
- MACD momentum is positive
Medium Term
1–3 yearsNeutral
Model confidence: 3/10
Key Factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 6.28
- 30-day volatility of 88.7%
Long Term
> 3 yearsNeutral
Model confidence: 3/10
Key Factors
- High expense ratio of 1.35%
- 30-day volatility of 88.7%
- Beta of -3.82 versus the benchmark
Key Metrics & Analysis
Fund Metrics
Expense Ratio1.35%
AUM$50.6M
Inception Date2023-08-21
Avg Daily Volume62,205,280
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield16.95%
Technical Analysis
TrendBearish
RSI37.4
Support$3.61
Resistance$5.30
MA 20$4.23
MA 50$4.73
MA 200$6.28
MACDBullish
VolumeIncreasing
Fear & Greed Index95.52
Risk Assessment
Beta-3.82
Volatility88.70%
Sector RiskMedium
Currency RiskLow
Liquidity RiskLow
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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.