NVD:NASDAQGraniteShares 2x Short NVDA Daily ETF analysis
Data as of Oct 17, 2026 - not real-time
- Latest price
- $4.11
- Risk: high
- 8/10High risk
Summary
Graniteshares 2x Short NVDA Daily ETF is priced at $4.11 and its moving averages line up in bearish order, the shorter trailing the longer. Over a rolling month the price has gained 12.6%. RSI sits at 61.8, which reads as approaching overbought, and MACD momentum is bullish. Recent trading has carved out support near $3.19 and resistance around $4.14.
The 1.35% expense ratio is expensive for its category, and the fund manages $54.9M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 51.0%, a beta of -3.76 and a maximum drawdown of 65.7%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 86 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 3/10.
The 1.35% expense ratio is expensive for its category, and the fund manages $54.9M in assets.
On a 1-10 scale the risk profile lands at 8 — high. With 30-day volatility of 51.0%, a beta of -3.76 and a maximum drawdown of 65.7%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 86 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 3/10.
Market outlook
Short term
< 1 yearNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 5.46
- MACD momentum is positive
Medium term
1–3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- Trading below the 200-day average of 5.46
- 30-day volatility of 51.0%
Long term
> 3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- High expense ratio of 1.35%
- 30-day volatility of 51.0%
- Beta of -3.76 versus the benchmark
Key metrics
Fund metrics
Expense Ratio1.35%
AUM$54.9M
Inception Date2023-08-21
Avg Daily Volume79,809,080
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield23.29%
Technical analysis
TrendBearish
RSI61.8
Support$3.19
Resistance$4.14
MA 20$3.63
MA 50$3.87
MA 200$5.46
MACDBullish
VolumeStable
Fear & Greed Index85.73
Risk assessment
Beta-3.76
Volatility51.01%
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.