ETN / ETP · GraniteShares
SMI3 GraniteShares 3x Short MicroStrategy Daily ETP
ISIN XS3069873134London Stock Exchange: SMI3GraniteShares, Inc.
- Leveraged & inverse
- ETN / ETP
- ISA
- SIPP
- Accumulating
Latest close
LSE£1.37
on
- Ongoing charge
- 0.99% a year
- Fund size
- £938k
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, SMI3 (GraniteShares 3x Short MicroStrategy Daily ETP, ISIN XS3069873134) closed at £1.37 on the London Stock Exchange. Its ongoing charge is 0.99% a year (about £99 on £10,000). Over the year to 30/09/2026 its total return was −90.0%, or −90.3% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- −90.0%
- −90.3% after inflation (UK CPIH)
Volatility and the largest fall need a longer record of this fund’s prices than we hold so far. They appear on this page once we do.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Charges compared with similar funds
- Ongoing charge
- 0.99%
- a year
- On £10,000
- £99
- a year, roughly
- Over five years
- £485
- of £10,000, before growth
- 145 charge less
- 15 the same
- 120 charge more
Ongoing charge of GraniteShares 3x Short MicroStrategy Daily ETP 0.99% a year, as of 01/10/2026: 120 of the 280 other leveraged and inverse products charge more, 15 the same and 145 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
GraniteShares 3x Short MicroStrategy Daily ETP is an exchange-traded product from GraniteShares, launched in 2022.
It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.99% a year — about £99 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Leveraged & inverse: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.
Terms:Index fundAccumulating or incomeLeveraged ETPsShare classISIN
Key facts
- Ticker
- SMI3
- ISIN
- XS3069873134
- Provider
- GraniteShares
- Tracks
- Solactive Daily Leveraged 3x short Microstrategy Index
- Structure
- ETN / ETP
- An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.99% a year · about £99 on £10,000
- Fund size
- £938k
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Leveraged & inverse
Price chart
Since 05/08/2026, the closing price went from £16.87 on 05/08/2026 to £1.37 on 30/09/2026 (−91.9%). The lowest close shown was £1.15 on 21/09/2026 and the highest £16.87 on 05/08/2026.
Chart: closing prices we have recorded since 05/08/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
5 weekly closes, from 05/08/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Questions people ask
What is the ongoing charge of SMI3?
The ongoing charge of SMI3 is 0.99% a year — about £99 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of GraniteShares 3x Short MicroStrategy Daily ETP 0.99% a year, as of 01/10/2026: 120 of the 280 other leveraged and inverse products charge more, 15 the same and 145 less (share classes counted once).
What does SMI3 track?
SMI3 tracks the Solactive Daily Leveraged 3x short Microstrategy Index.
Is SMI3 accumulating or distributing?
SMI3 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of SMI3?
The ISIN of SMI3 is XS3069873134. An ISIN identifies one exact share class of a fund; SMI3 is its ticker on the London Stock Exchange.
How has SMI3 done after inflation?
Over the year to 30/09/2026 SMI3’s total return was −90.0%, or −90.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Inflation
- ONS CPIH, latest month published
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.