GraniteShares 2X Short SpaceX Daily ETF SNK

$15.25 -6.03 (-28.34%)

Valuation

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Revenue TTM
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Trading

Volume
5,737,000
Avg volume
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Day's range
$15.07 – $22.72
Shares out
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Stochastic %K
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Analysts
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Price

Company profile

The fund is an actively managed exchange traded fund that attempts to replicate 2x the inverse (-200%) daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options on the Underlying Stock.

Stocktwits

Shak202020 Oct 23, 2:19 PM
$SNK percentages are off. Space x is up two. This should only be down four
0 replies
Shak202020 Oct 22, 6:10 PM
$SPCX I don’t understand the panic. Bulls let shorts cover yesterday by keeping it in the 160’s They want it lower. The question is now, how fuxking low are they gonna take it? Remember on these days to use $SNK. The bear etf for SPCX. Made more money than I lost.
0 replies
4years_2_retirement Oct 8, 4:27 PM
$XRP.X $XXRP $SNK $SPCX Moved all my SpaceX short profit (via SNK) to XRP and XXRP. LFG
2 replies
4years_2_retirement Oct 6, 2:21 PM
$SPCX Love how these dudes think they actually control the stock price. In this market both sides need to eat… Drop is imminent…take you profits…short via $SNK Rinse and repeat… It’s that easy in trumps market
1 replies
BakedChicken Sep 18, 1:54 PM
$SPCX $SNK well someone with giant balls bet against space X today by going long SNK ...
1 replies
4years_2_retirement Sep 17, 7:46 PM
$SNK $SPCX $TSLA Saying “the stock went up after previous unlocks, therefore institutions absorbed them” is not proof — it’s an assumption. Yes, SPCX recovered somewhat after earlier unlocks. Nobody is disputing that. But unlock ≠ immediate sale, and a subsequent rally does not make billions of newly eligible shares disappear. Here’s what is still coming (as I said before) 2026 • Sept. 24: ~328.4M shares • Oct. 9: ~328.4M • Oct. 24: ~328.4M • After Q3 earnings: ~1.30 BILLION • Dec. 8: ~797.6M That is roughly 3.08 BILLION shares becoming eligible before year-end. And 2027 isn’t exactly quiet either: • After Q4 earnings: ~351.9M • Mar. 18: ~176M • After Q1 earnings: ~351.9M • May 17: ~176M • Around June 12–14: another ~351.9M extended-holder tranche PLUS Musk’s roughly 6+ BILLION-share lockup expiration • Another extended-holder tranche of roughly 351.9M is expected after Q2 2027 earnings. So yes — demand slightly absorbed previous unlocks. Now let’s see how that thesis holds up when billions more shares become eligible, culminating in the biggest lockup expiration of them all in 2027. And unless you’ve got actual institutional-flow data proving institutions specifically bought because of each unlock, calling that a “fact” is doing a lot of work. 😂 Supply and demand still apply — even when you really like the stock. Good day sir…
0 replies
Taylorrox Sep 17, 7:25 PM
$SNK $SPCX $TSLA what happened to SPCX stock with the previous unlocks? You created an entire post lecturing about ignoring data. Yet you ignore the fact that the stock price increased subsequent to previous unlocks? Why would the price increase? Because institutional investors are buying at these precise moments and the institutional demand is greater than the supply created with the unlocking of shares. Fact!
0 replies
4years_2_retirement Sep 17, 7:19 PM
$SPCX $SNK $TSLA 3.1 BILLION shares potentially becoming unlocked from Sept. 26 through year-end. No, that does not mean 3.1B shares automatically hit the market. But pretending it’s irrelevant is just as ridiculous. SpaceX has created a massive amount of wealth for employees, insiders and early holders. A lot of those people have been sitting on life-changing paper gains for years. When restrictions lift, some are going to diversify, buy homes, pay taxes, retire, or simply cash in. It doesn’t take everyone selling to create pressure. Even a small percentage of 3.1 BILLION shares represents an enormous amount of potential supply. Great company? Absolutely. Long-term story intact? Could be. But supply and demand still matter. You can love SpaceX and still understand basic math. Pretending billions of unlocked shares are “nothing” isn’t bullish — it’s denial.
1 replies