GraniteShares 1x Short AMD Daily ETF (AMDS)
GraniteShares 1x Short AMD Daily ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $13.12, down 0.23% on the session, giving a market capitalisation of $2.6M. Its beta of -1.70 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) is structured to provide the exact opposite daily return of its underlying stock, meaning it aims for a -100% reflection of the stock's daily percentage change. It achieves this by primarily utilizing swap agreements linked to the performance of that benchmark stock. The fund's advisor focuses on delivering this inverse daily performance for a single trading day.
GraniteShares 1x Short AMD Daily ETF is most often compared with the following Financial Services names: