GraniteShares 2x Short SpaceX Daily ETF
SNK
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- GraniteShares ETF Trust – GraniteShares 2x Short SpaceX Daily ETF is an exchange-traded fund launched and managed by GraniteShares Advisors LLC. The Fund seeks daily investment results, before fees and expenses, equal to -200% of the daily percentage change in the common stock of Space Exploration Technologies Corp., doing business as SpaceX (Nasdaq: SPCX). It provides inverse, leveraged single-stock exposure intended principally for short-term trading or hedging strategies, with its investment objective reset each trading day; accordingly, performance over periods longer than one day is not expected to correspond to -2x the cumulative performance of SpaceX. The Fund primarily obtains notional exposure through swap agreements and may employ other derivatives and cash instruments in pursuing its objective. SNK is listed on the Cboe BZX Exchange, trades in U.S. dollars under ticker SNK, carries a 2.00% annual management fee and a 2.20% total annual operating expense ratio, and is domiciled in the United States. GraniteShares launched SNK on June 15, 2026, concurrently with the GraniteShares 2x Long SpaceX Daily ETF (SPAL), expanding its leveraged single-stock ETF range to provide long and inverse daily leveraged access to publicly traded SpaceX shares. GraniteShares Inc. is headquartered at 250 Broadway, 24th Floor, New York, New York.