NAS100 29,544 +0.21% S&P 7,719 −0.38% GOLD $4,477 −0.32% BTC $79,689 −1.95% VIX 14.53 +1.47% live tape · as of 23:26 UTC · 4 Sep
Vol. II · No. 248Saturday, 5 September 2026
TTitan Protect
The Screen · Financials

GraniteShares 2x Short NVDA Daily ETF

NVD · USD

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 t…

FAIL · Does not pass the screen
5.04 USD

At the last full screen
2026-06-14

Screened 2026-06-14 · the tape above runs as of 23:26 UTC · 4 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed

The Label · The Season, Not the Day

This name holds its distribution label.

GraniteShares 2x Short NVDA Daily ETF holds its Distribution at $5.04. Consolidating, no directional conviction, held for 3 days.

As held on the ledger · 2026-06-14
PhaseDistribution · caution
Quantitative stateConsolidating, no directional conviction, held for 3 days
Price at the screen$5.04
ValuationN/A trailing · N/A forward price to earnings
Values screenFAIL · score 30.0
The Workings

Five Screens, Shown in Full

Does not pass. Financial sector: Financial

TestFigureLimitWhat it meansStatus
Business activity Excluded Core business clean Financial sector: Financial Fail
Debt load Excluded Below 33% Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
Interest-bearing cash Excluded Below 33% Interest-bearing cash and securities are of assets, above the one-third limit. Fail
Receivables Excluded Below 49% Money owed to the company is of assets, above the 49% limit. Fail
Revenue purity Excluded Below 5% of revenue comes from non-compliant sources, over the 5% line. Fail

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-08-07 Markup · changed $5.04 +0.0% Entry 4

The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 62%. Our forward projection puts the odds of a 10% gain over the next month near 19%.

2026-07-18 Distribution $5.04 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 62%. Our forward projection puts the odds of a 10% gain over the next month near 19%.

2026-07-03 Distribution $5.04 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Distribution $5.04 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The Political Ledger · Congressional Disclosures
Disclosures naming NVD
DatePoliticianPartyTypeAmount
8 May2026 Sheldon Whitehouse Democrat sell 100K–250K
8 May2026 Sheldon Whitehouse Democrat sell 100K–250K
27 May2026 Dan Meuser Republican sell 1K–15K
24 Apr2026 Dan Meuser Republican sell 1K–15K
16 Jun2026 Matt Van Epps Republican sell 1K–15K
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $4.60 +13.5% · $1,135 +13.5%
2 months $6.44 -18.9% · $811 -18.9%
3 months $6.99 -25.3% · $747 -25.3%
6 months $7.69 -32.1% $0.85 $789 -21.1%
1 year $13.65 -61.8% $0.85 $444 -55.6%
2 years $47.98 -89.1% $3.45 $181 -81.9%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever NVD does next, these words stay.

GraniteShares 2x Short NVDA Daily ETF · NVD · Distribution · $5.04
Recorded 2026-06-14 · before the outcome · scored mechanically

All of today's entries → See the running score →
Membership

Thirteen thousand names carry this page. One desk keeps them honest.

Membership opens the full screen archive, the composites built from it, and the daily coverage that prices what the screen approves.

Join the desk

Screening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.

Get our weekly market brief free.