- Business
- GraniteShares 3x Short NVIDIA Daily ETP (3SNV.L) is a collateralized exchange-traded product (ETP) that provides leveraged inverse exposure to NVIDIA Corporation shares, seeking to deliver -3 times the daily performance of NVIDIA Corp (NVDA), excluding fees and other adjustments; it is available in USD, EUR, and GBX share classes and tracks the Solactive Daily Leveraged 3x Short NVIDIA Corp Index. GraniteShares issues this ETP as part of its broader suite of short and leveraged single-stock ETPs on popular U.S., UK, and European companies, including products like 3x Long NVIDIA Daily ETP and concentrated equity baskets on FAANG stocks; offerings also encompass leveraged and inverse ETFs on commodities, high-income strategies, disruptive technologies, and YieldBOOST options-income products. The ETP, with an expense ratio of 4.99%, lists on the London Stock Exchange and other European exchanges such as Euronext Dublin, Milan, and operates synthetically with collateral held by The Bank of New York Mellon SA/NV.
GraniteShares, founded in 2016 by William Rhind and headquartered in New York, United States, with a European business launched in London in 2019, manages these ETPs and ETFs globally across major stock exchanges in the UK, Italy, France, Germany, and the U.S.; the firm reports assets under management of $10.9 billion as of September 19, 2025. It targets high-conviction investors seeking innovative alternative solutions, including tactical traders in technology, digital assets, quantum computing, and single-stock leveraged exposure.
In recent developments, GraniteShares expanded its YieldBOOST lineup in December 2025 with launches of RTYY (Riot Platforms) and HMYY (Hims & Hers Health) ETFs, and in November 2025 added RGYY (Rigetti Computing) and QBYY (D-Wave Quantum), growing the suite to over $649.5 million in AUM; earlier in October 2025, it introduced ISUL (Intuitive Surgical) and NBIL (Nebius Group) leveraged single-stock ETFs. The firm also launched three tech-focused 2x leveraged ETFs in November 2024 tracking CrowdStrike, Micron, and Taiwan Semiconductor, amid rising interest in single-stock products post-2024 U.S. elections; additionally, in March 2025, GraniteShares announced name changes and investment objective updates for select short and leveraged ETFs. These initiatives reflect ongoing product innovation and strategic growth in leveraged and income-generating ETPs and ETFs.