ANV GraniteShares 2x Short NVDA Daily ETF

About this ETF

GraniteShares 2x Short NVDA Daily ETF is an exchange-traded fund designed to deliver daily investment results, before fees and expenses, equivalent to -2 times the daily percentage change in the share price of NVIDIA Corp. (NVDA). Launched on August 21, 2023, and managed by GraniteShares Advisors LLC, this actively managed, non-diversified ETF employs derivatives such as swaps to achieve its inverse leveraged exposure, rather than directly holding the underlying stock. It primarily holds cash equivalents, short NVIDIA equity swaps, and U.S. Treasury bills to facilitate daily rebalancing and targeted -200% performance against NVDA's daily moves. NVIDIA Corp., the reference asset, specializes in graphics processing units (GPUs), chipsets, and multimedia software, powering sectors like gaming (GeForce), professional design (Quadro), AI and big data (Tesla, DGX), and cloud computing (GRID). With a net expense ratio of 1.35% and assets under management around $77-178 million, the ETF serves as a short-term tactical tool for sophisticated traders seeking magnified inverse exposure to NVDA's volatility in the semiconductor and technology markets, without the need for margin or borrowing stock.