GraniteShares 1x Short AMD Daily ETF (AMDS)

Overview

The fund operates as an actively managed exchange traded fund (ETF) that specializes in providing investment opportunities through a specific financial strategy. It aims to achieve the inverse (-100%) daily percentage change of an underlying stock. This goal is realized through entering into swap agreements based on the targeted stock. Swap agreements allow the fund to effectively invert the daily performance of the stock, reflecting an opposite return. Managed by a dedicated fund advisor, the objective is to mirror the exact opposite daily performance of the underlying stock for each trading day. This unique approach targets investors looking for ways to capitalize on declines of specific stocks within a single trading day.

Products and Services

• Inverse ETFs

  The fund's primary product is its inverse ETF offerings. These ETFs are designed to provide returns that are inversely related to the daily performance of their underlying stock. By engaging in swap agreements, the fund can achieve its goal of replicating the -100% daily percentage change. This product is suited for investors looking to hedge against or speculate on the downturn of the market or specific stocks.

• Swap Agreements

  Central to the fund's operation are the swap agreements on the underlying stocks. Swap agreements are financial instruments that allow two parties to exchange or "swap" financial obligations. In the context of this fund, swaps enable it to assume the inverse performance of an underlying stock. This is instrumental for the fund in fulfilling its aim to provide the exact opposite return of the underlying stock's daily performance. These agreements are tools for investors aiming for inverse market exposure without directly short selling stocks.