NVD – Technical Market Research
GraniteShares 2x Short NVDA ETF (NVD) printed +1.94% on 99M shares — 55% above average. Elevated bearish NVDA positioning signals growing semiconductor skepticism.
Published March 20, 2026 | ETF | NVD
Marcus Chen
ETF & Sector Strategist · Blue Ocean Trading Solutions
Technical Overview
The rotation picture for NVD has shifted meaningfully over the past week. After drifting toward its 52-week low at $6.12 through mid-February — as NVDA's share price made a post-earnings recovery attempt — the fund has reversed course with three consecutive sessions of expanding volume and price recovery. The March 19 close at $7.35 represents a 7.3% gain from the $6.85 intraday low established on March 16, suggesting that the balance of flows has tilted back toward bearish NVDA positioning.
