GraniteShares 1x Short AMD Daily ETF

Frequently Asked Questions About AMDS

What does AMDS invest in?

The Fund seeks daily investment results, before fees and expenses, of -1 times (-100%) the daily percentage change of the common stock of Advanced Micro Devices, Inc., (NASDAQ: AMD) There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide -1 times the cumulative return of AMD for periods greater than a day.

What is the expense ratio of AMDS?

GraniteShares 1x Short AMD Daily ETF (AMDS) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

Is AMDS a good long-term hold?

AMDS is a inverse fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AMDS's daily reset work?

AMDS rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AMDS?

GraniteShares 1x Short AMD Daily ETF (AMDS) manages $2.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMDS actively managed or an index fund?

AMDS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.