-2x Short Single-Stock · Daily

SNK

GraniteShares 2x Short SpaceX Daily ETF

How to buy Set price alert

NAV · -

- - -

Today

Market - · - 30d

AUM

Expense

Leverage

-2x

Inception

Jun 15, 2026

Exchange

NASDAQ

Underlying

SPCX

SPCX price - -

Implied SNK move - -2x today

Next earnings - -

30-day volatility - annualized

What's moving SPCX

Updated daily

The catalysts driving the underlying — and why a leveraged, single-day vehicle like SNK exists. Each item is sourced; the last row is always the next scheduled catalyst.

Performance

SNK shown alongside its underlying so the leverage effect is visible in real numbers, not abstract language.

Growth of a $100 investment

-now

Total Return 1M 3M 6M YTD 1Y 3Y SI SNK — NAV ------- SNK — Market ------- SPCX — Underlying -------

Past performance is no guarantee of future results. Returns over one year are annualized; "SI" = since inception (Jun 15, 2026). Leveraged ETFs reset daily; returns over periods longer than one day will differ from -2x the underlying.

Prior to January 22, 2024, The Fund sought daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corp (NASDAQ: NVDA)
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. Market price returns are based on the midpoint of the bid/ask spread at 4pm ET and do not represent the returns an investor would receive if shares were traded at other times.
For the fund's most recent month end performance, please call 1 (844) 476-8747

Premium / discount data & charts

How SNK's market price has traded relative to its NAV. Positive numbers are a premium; negative numbers are a discount.

Latest premium / discount as of -

NAV-

Market price-

Premium / (Discount)-

Current quarter as of -

Days at premium-

Days at NAV-

Days at discount-

Calendar year - vs -

Days at premium--

Days at NAV--

Days at discount--

Quarter detail

Greatest premium-

Greatest discount-

Days between −0.5% and 0.0%-

Days between 0.0% and 0.5%-

Historical premium / discount

- -

Chart Description
The amount the Fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

Premium / discount frequency trading days per range, selected quarter

Chart Description
The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund’s net asset value (or NAV). The market price is the last price as published by the exchange on which the Fund is listed. It is generally the average of the bid-ask prices at 4:00 PM ET. The NAV is calculated by reference to the closing price of the positions held by the Fund. The vertical axis of the chart shows the premium or discount of the market price as percentage of the NAV. The horizontal axis shows the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Possible Time Discrepancies
The primary explanation is that timing discrepancies can arise between the NAV and the closing price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

Risk profile

Risk rating 5 / 5 · Highest

SNK is a -2x leveraged, single-stock ETF that resets daily. It is intended for sophisticated investors who actively monitor positions and hold for very short periods — often a single trading day. It is not a buy-and-hold investment.

Full risk disclosures

Investing involves risk, including possible loss of principal. Leveraged and single-stock ETFs are not suitable for all investors and present heightened risks including daily compounding, correlation, concentration, derivatives (swap) and counterparty risk. The fund is riskier than alternatives that do not use leverage. An investor could lose the full value of their investment within a single day. There is no guarantee the fund will meet its stated objective. Carefully consider the investment objectives, risks, charges and expenses before investing; read the prospectus. Distributed by ALPS Distributors, Inc.

Fund details

TickerSNK

CUSIP38747T450

Leverage Factor-2

UnderlyingSpace Exploration Technologies Corp

Total Expense Ratio-

Net Expense Ratio-

Management Fee-

AUM-

Inception DateJun 15, 2026

ExchangeNASDAQ

CurrencyUSD

RebalanceDaily

30-Day Median Spread-

Premium / Discount-

Holding · Counterparty % Net

- -

Swap exposure totals 200% notional across counterparties, collateralised by T-bills & cash. As of -.

Distributions

Monthly distribution schedule and history. Distributions are not guaranteed and may include a return of capital.

Ex-Date Record Pay Date Total Income Return of Cap.

Same underlying, different objective — the full GraniteShares suite. Express any view, or generate income, without leaving the platform.

NVD GraniteShares 2x Short NVDA Daily ETF - -

New NVYY GraniteShares YieldBOOST NVDA ETF - -

NVD — inverse / hedgeNVYY — options incomeSNK — leveraged upside

Where to buy SNK

SNK trades on NASDAQ under the ticker SNK. Buy it commission-free through any major brokerage — just search the ticker.

Fidelity Charles Schwab Robinhood Interactive Brokers E*TRADE Vanguard

Related research

EducationJun 2026 SNK around SPCX earnings: what the data shows ResearchMay 2026 The mechanics of daily rebalancing in single-stock ETFs MarketMay 2026 AI capex cycle: reading the semiconductor demand signal GuideApr 2026 Position sizing leveraged ETFs: a practical framework

Frequently asked

What is SNK?

SNK is the GraniteShares 2x Short SpaceX Daily ETF. Seeks daily investment results, before fees and expenses, of 2x (200%) the daily percentage change of Space Exploration Technologies Corp common stock.

What is the SNK expense ratio?

SNK has a gross expense ratio of .

How do I buy SNK?

SNK trades on NASDAQ under the ticker SNK. You can buy it commission-free through most major brokerages, including Fidelity, Schwab, Robinhood and Interactive Brokers — just search SNK.

Does SNK hold Space Exploration Technologies Corp stock?

SNK does not hold Space Exploration Technologies Corp shares directly. It gains -2x exposure through total-return swaps referencing Space Exploration Technologies Corp, collateralised by cash and short-term U.S. Treasuries.

Can I hold SNK long term?

SNK is designed to achieve its -2x objective for a single trading day. Because it rebalances daily, returns over longer periods can differ substantially from -2x the underlying's return. It is intended for active traders, not buy-and-hold investors.

Does SNK pay a distribution?

SNK may make an annual distribution. Distributions are not guaranteed and may include a return of capital.

What happens to SNK when Space Exploration Technologies Corp reports earnings?

Earnings can drive large single-day moves in SPCX, which SNK amplifies ~-2x. See the catalyst feed above for the next scheduled report.

Documents

Regulatory GraniteShares ETF Trust SNK Summary Prospectus Regulatory GraniteShares ETF Trust S&L Single Stock ETFs Prospectus Regulatory GraniteShares ETF Trust S&L Single Stock ETFs SAI Marketing Product List Marketing Factsheet Tax 2025 Graniteshares ETF ICI Primary Tax 2025 Graniteshares ETF ICI Secondary

View All Documents

Track SNK, SPCX & earnings.

Get NAV-move alerts above your threshold, Space Exploration Technologies Corp earnings reminders, and launches for related products — tagged to SNK.

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SNK