GraniteShares 2x Short NVDA Daily ETF

NVD

Market cap $41.5M

NVD is a specialized tool for short-term, leveraged trading of NVDA, not for long-term holding or buy-and-hold strategies. Daily reset and volatility drag make NVD unsuitable for holding periods longer than a few days, as losses compound over time. Costs, including bid-ask spreads and fees, are less relevant for day traders but significant for longer-term holders.

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- GraniteShares has announced it will execute a reverse share split for one of its ETFs. The total market value of the shares outstanding will not be affected as a result of the transaction.

We have highlighted 10 ETFs that have seen higher average volumes in the third quarter and are thus the top 10 funds in terms of trading volume.

Wall Street was downbeat last week.

U.S. stocks closed the final week and the month of August with gains as optimism grew around potential Federal Reserve rate cuts.

Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker's quarterly results, according to data from some of the companies that issued the products.

These single-stock leveraged ETFs aim to deliver market-beating, single-day returns, making them impractical for long-term investors. In addition to amplifying risk, leveraged ETFs are costly due to their high expense ratios.

Wall Street was moderately upbeat last week.