So, you’re looking into GraniteShares’ 3x Short AMD Daily ETP, ticker 3SAM. It’s a bit of a niche product, designed for traders who want to bet against AMD’s stock performance, and not just a little bit – we’re talking a triple dose of the opposite. This means if AMD goes down, 3SAM aims to go up three times as much on a daily basis. Sounds simple, right? Well, it’s not quite that straightforward, and understanding how it works, the risks involved, and what GraniteShares is actually offering is pretty important before you even think about putting your money into it. Let’s break down what 3SAM is all about.
Key Takeaways
- 3SAM is a GraniteShares ETP aiming for 3x the inverse daily performance of AMD stock.
- It tracks the Solactive Daily Leveraged 3x Short AMD Index using a synthetic replication method.
- Investors should be aware of magnified losses and short-term trading intentions due to its leveraged nature.
- 3SAM does not pay dividends and has an expense ratio of 3.20%.
- Technical analysis for 3SAM currently shows a neutral rating, but short-term trends indicate sell signals.
Understanding 3SAM: GraniteShares’ Leveraged ETP
So, you’re looking into GraniteShares’ 3x Short AMD Daily ETP, ticker 3SAM. It’s a bit of a specific investment, designed to give you three times the opposite daily return of AMD stock. Think of it like this: if AMD goes down 1% on a given day, 3SAM aims to go up 3%. Conversely, if AMD goes up 1%, 3SAM aims to drop 3%. This kind of product isn’t for everyone, and it’s definitely not a ‘set it and forget it’ kind of deal. It’s built for short-term plays, and you really need to know what you’re getting into.
What is 3SAM?
At its core, 3SAM is an Exchange-Traded Product (ETP) that tracks a specific index. This index, the Solactive Daily Leveraged 3x Short AMD Index, is what dictates how 3SAM behaves. The goal is to provide investors with a way to bet against Advanced Micro Devices (AMD) on a daily basis, with amplified results. It’s important to remember that this amplification works both ways – gains are magnified, but so are losses. This ETP is managed passively, meaning it tries to mirror the index’s performance rather than actively picking stocks.
GraniteShares 3x Short AMD Daily ETP Explained
GraniteShares, the company behind 3SAM, created this ETP to offer a leveraged, inverse exposure to AMD. It’s a synthetic product, meaning it doesn’t actually hold AMD shares. Instead, it uses financial contracts, like swaps, to achieve its goal. The ETP is reset daily. This daily reset is a key feature because it means the ETP’s performance over longer periods can differ significantly from simply multiplying the daily returns by three. If AMD has a volatile month with ups and downs, the compounding effect of the daily resets can lead to results that aren’t exactly three times the overall monthly move of AMD.
Key Features of 3SAM
Here are some of the main things to know about 3SAM:
- Issuer: GraniteShares, Inc.
- Index Tracked: Solactive Daily Leveraged 3x Short AMD Index – Benchmark TR Net
- Management Style: Passive
- Replication Method: Synthetic
- Inception Date: August 30, 2021
- Dividend Policy: 3SAM does not pay dividends. Any returns are capitalized.
- Expense Ratio: 3.20% annually. This is the fee you pay to hold the ETP.
It’s also worth noting that 3SAM can trade at a premium or discount to its Net Asset Value (NAV). This means the market price might be slightly higher or lower than the calculated value of the assets it holds. As of recently, it was trading at a small premium.
Performance and Key Metrics of 3SAM
When looking at GraniteShares’ 3x Short AMD Daily ETP, or 3SAM, understanding its performance and key metrics is pretty important before you even think about putting your money into it. It’s not just about the potential upside; you need to know how it’s actually doing.
3SAM Price Dynamics
The price of 3SAM can move around quite a bit, which is typical for a leveraged product. For instance, as of September 9, 2025, the ETF was trading at €4.980, and it had seen a drop of 1.37% in the last 24 hours. Looking at longer periods, the performance can be quite varied. Over the past month, the price has actually gone up by 36.38%. However, the yearly performance paints a different picture, showing a significant decrease of -83.90%. These kinds of swings are common with leveraged ETFs, so keeping a close eye on the price chart is a good idea.
Net Asset Value (NAV) of 3SAM
The Net Asset Value, or NAV, gives you a sense of the fund’s underlying worth. For 3SAM, the NAV was reported at €5.10 on September 9, 2025. This figure has actually increased by 34.00% over the last month. The NAV is calculated by taking the total value of the fund’s assets and subtracting its liabilities. It’s a way to measure how the fund itself is performing, separate from its market trading price.
Assets Under Management (AUM) for 3SAM
Assets Under Management, or AUM, tells you how much money is invested in the ETF. 3SAM has approximately €2.83 million in AUM. A higher AUM can sometimes suggest that a fund is more popular or successful at attracting investors. This can be a factor for some people when deciding where to invest, as it might indicate a fund’s stability or market presence.
Investment Strategy and Index Tracking
The Solactive Daily Leveraged 3x Short AMD Index
So, how does 3SAM actually work? It’s all about tracking a specific index, the Solactive Daily Leveraged 3x Short AMD Index. Think of this index as the blueprint. It’s designed to move in the opposite direction of AMD’s stock price, and not just a little bit – it aims for three times the daily inverse performance. This means if AMD’s stock drops by 1% on any given day, the index, and by extension 3SAM, is trying to gain 3%. It’s a pretty direct, if amplified, relationship. This index is the core of what 3SAM is trying to achieve on a day-to-day basis.
Passive Management Style of 3SAM
GraniteShares takes a passive approach with 3SAM. This isn’t about a team of analysts picking stocks or trying to outsmart the market. Instead, the fund’s goal is to simply mirror the performance of that Solactive index we just talked about. They hold the assets in proportions that match the index. It’s like following a recipe exactly – the aim is to get the same result as the recipe intends. This passive style means the fund isn’t actively trying to generate alpha or make big strategic shifts based on market news. It’s all about sticking to the index’s script. This approach is common for many Exchange-Traded Products (ETPs) that aim for specific, often leveraged, market exposures.
Synthetic Replication Method
To achieve that 3x daily inverse exposure, 3SAM uses a synthetic replication method. This is a bit different from just buying AMD shares. Instead, it typically involves using derivatives, like swaps, to get the desired exposure to the index’s performance. It’s a way to get the economic exposure without necessarily holding the underlying shares directly. This method is often used for leveraged or inverse products because it can be more efficient in achieving the specific daily return targets. It’s a technical detail, but it’s how the fund manages to deliver that amplified, opposite daily move. For those interested in how these complex products are built, understanding the role of derivatives is key, and it’s a common feature in products that track specific daily leveraged benchmarks.
Technical Analysis and Trading Signals for 3SAM
Looking at the charts and indicators can give you a sense of where 3SAM might be headed, though it’s not a crystal ball, you know? It’s like trying to guess the weather based on cloud patterns – sometimes you get it right, sometimes you don’t. Still, it’s a tool many traders use.
Interpreting Oscillators for 3SAM
Oscillators are basically tools that bounce between high and low values. They help traders figure out if an asset is being bought up too much (overbought) or sold off too much (oversold). For 3SAM, the general vibe from these oscillators right now is pretty neutral. That means it’s not screaming ‘buy’ or ‘sell’ based on this alone. It’s like standing at a crossroads; you could go either way.
Understanding Moving Averages for 3SAM
Moving averages are a bit like looking at the recent past to guess the immediate future. They smooth out price action by showing the average price over a set period. They can help you see the general direction (momentum) and where prices might struggle to go up or down (support and resistance). Just like the oscillators, the moving averages for 3SAM are also giving off a neutral signal. This suggests that the recent price trends aren’t strongly pointing in any particular direction.
Pivot Points in 3SAM Trading
Pivot points are specific price levels that traders watch closely. The idea is that the price might either keep going in its current direction or turn around when it hits these levels. Think of them as potential turning points on the price chart. While specific pivot point levels aren’t detailed here, knowing they exist is part of the technical analysis picture. Traders use these levels to set stop-loss orders or decide entry and exit points.
Risks and Considerations for 3SAM Investors
Investing in 3SAM, like any financial product, comes with its own set of risks that potential investors should be aware of. Because this is a leveraged Exchange Traded Product (ETP), these risks can be amplified.
Magnified Losses in Leveraged ETPs
One of the most significant aspects of 3SAM is its leveraged nature. It aims to deliver three times the daily inverse performance of AMD. This means that if AMD’s stock price falls by 1% on a given day, 3SAM aims to increase by approximately 3%. Conversely, if AMD’s stock price rises by 1%, 3SAM aims to decrease by roughly 3%. This leverage magnifies both potential gains and potential losses. For instance, a small adverse move in AMD’s price can lead to a much larger percentage loss in 3SAM. Over longer periods, the compounding effect of daily rebalancing can cause the ETP’s performance to deviate significantly from the simple multiple of the underlying asset’s performance.
General Market and Credit Risks
Beyond the specific risks tied to leverage, 3SAM is also subject to broader market risks. The performance of 3SAM is directly tied to Advanced Micro Devices (AMD), so any factors affecting AMD’s business, industry, or stock price will impact 3SAM. This includes things like new product launches, competition, regulatory changes, or overall economic conditions. There’s also credit risk, which relates to the possibility that the issuer, GraniteShares, might not be able to meet its financial obligations. While GraniteShares is a reputable issuer, it’s a factor to consider with any financial product. You can find more information about GraniteShares on their company website.
Liquidity and Regulatory Considerations
Liquidity refers to how easily an asset can be bought or sold without affecting its price. While 3SAM is traded on an exchange, its liquidity can vary. Low liquidity might mean it’s harder to exit a position quickly at a desired price, potentially leading to wider bid-ask spreads. It’s also important to be aware of the regulatory environment. Changes in regulations related to leveraged ETPs or the financial markets in general could impact how 3SAM operates or is traded. Investors should always stay informed about the latest market news and regulatory updates that might affect their investments.
Fund Details and Issuer Information
Issuer of 3SAM: GraniteShares, Inc.
GraniteShares, the company behind the 3x Short AMD Daily ETP (3SAM), is a global investment firm. They focus on creating exchange-traded products (ETPs) that aim to provide investors with specific exposures, often with a leveraged or inverse component. It’s important to remember that GraniteShares, like any issuer, operates within regulatory frameworks, and their products are designed for specific investment strategies. For more details on their structure and operations, you might want to check out information on other GraniteShares products, like the GRANITESHARES 3X SHORT TESLA DAILY ETP.
Inception Date of 3SAM
Knowing the inception date of an ETP like 3SAM is pretty useful. It gives you a sense of how long the product has been around and allows you to look back at its historical performance since its launch. While specific inception dates can vary, understanding this timeline helps in evaluating the ETP’s track record. Generally, newer products might have less historical data to analyze, which can be a factor for some investors.
Expense Ratio for 3SAM
The expense ratio is basically the annual fee you pay to hold an ETP. For 3SAM, this fee is factored into the daily performance. A lower expense ratio means more of your investment’s potential gains are kept by you, rather than going to the fund manager. It’s a key metric to consider when comparing different ETPs, especially those tracking similar underlying assets or strategies. Keep in mind that leveraged ETPs often have higher expense ratios compared to unleveraged ones due to the costs associated with managing the leverage.
Dividend Policy and Trading Premiums
Does 3SAM Pay Dividends?
Nope, if you’re holding onto 3SAM, you won’t be getting any dividend payouts. This type of Exchange-Traded Product (ETP) typically doesn’t distribute dividends. Instead, any potential gains or losses are usually factored directly into the fund’s price. It’s a bit different from traditional stocks or some other ETFs that might pass on dividends to their shareholders. So, don’t expect any extra cash in your account from 3SAM in the form of dividends.
Understanding 3SAM’s Premium to NAV
Sometimes, you’ll see an ETF trading at a price that’s a little different from its actual Net Asset Value (NAV). This difference is called a premium or discount. For 3SAM, it’s been noted to trade at a premium, meaning its market price is slightly higher than the calculated value of the assets it holds. For instance, a premium of 0.82% means you’d be paying a bit more than the underlying value. This can happen for various reasons, like supply and demand on the exchange or market sentiment. It’s something to keep an eye on when you’re trading, as it can affect your overall return. If you’re looking for tools to help analyze investment opportunities, you might find platforms like HelpTheCrowd useful for their analytics.
Here’s a quick look at how premiums and discounts can be viewed:
- Premium: The ETF’s price is higher than its NAV. This suggests higher demand or perceived value in the market.
- Discount: The ETF’s price is lower than its NAV. This might indicate lower demand or that the market is pricing in potential future issues.
- At NAV: The ETF’s price closely matches its NAV, indicating a stable market perception.
It’s always a good idea to check the current premium or discount before making a trade, as it can impact your entry and exit points.
Wrapping Up: What to Know About 3SAM
So, we’ve looked at GraniteShares’ 3x Short AMD Daily ETP, or 3SAM. It’s designed to give you three times the opposite daily move of AMD’s stock. Remember, this kind of product is built for short-term plays and comes with big risks, meaning your losses could be much larger than with regular investments. It doesn’t pay dividends, and its price can swing quite a bit, as seen in its performance over different periods. The expense ratio is also something to note. Before putting any money into 3SAM, it’s really important to do your homework, understand exactly how it works, and consider if it fits your personal investment goals and risk tolerance. It’s not for everyone, and definitely not a buy-and-hold kind of thing for most people.
Frequently Asked Questions
What exactly is 3SAM?
3SAM is a special kind of investment product called an Exchange-Traded Product, or ETP. Think of it like a basket of investments that you can buy and sell easily on a stock market. This particular ETP is designed to do the opposite of what AMD (Advanced Micro Devices) stocks do, and it aims to triple that opposite movement each day. So, if AMD’s stock price goes down, 3SAM aims to go up by three times that amount, but only for that single day.
How does 3SAM make money?
3SAM doesn’t actually hold AMD stocks. Instead, it uses something called a ‘synthetic replication method.’ This means it uses financial agreements, like swaps, to get the same -3x daily return of AMD’s stock. It’s a way to bet against AMD’s daily price changes without owning the actual shares.
What are the main things to know about 3SAM?
3SAM tracks a specific index called the Solactive Daily Leveraged 3x Short AMD Index. It’s managed in a ‘passive’ way, meaning it just tries to match the index’s performance. A key detail is that it doesn’t pay out any dividends; instead, it adds any earnings back into the fund itself.
Are there big dangers when investing in 3SAM?
Yes, there are significant risks. Because 3SAM uses leverage (aiming for 3x the opposite movement), any losses can be much bigger than usual. If AMD’s stock price goes up, 3SAM’s value can drop very quickly. It’s really meant for short-term betting by people who understand these big risks.
Who is behind 3SAM?
3SAM is offered by a company called GraniteShares, Inc. They are the issuer of this particular investment product. The fund itself started trading on August 30, 2021.
Does 3SAM’s price usually match its actual value?
Sometimes, the price you see for 3SAM on the stock market might be a little higher or lower than its calculated value per share (called Net Asset Value or NAV). Currently, 3SAM is trading at a small ‘premium,’ meaning its market price is slightly above its NAV. This difference can change throughout the day.
