GraniteShares 3x Short (noob here)

Hi everyone.

A newbie question from a newbie in investment world.

Can anyone share some info or reference link to understand what are these “GraniteShares 3x Short …” shares.

I know people who short stocks. But here is it done automatically ? For example, an increase of lets say +1% in this granite share value would imply that the real value of the corresponding stock went down by -1% ?

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Some info:

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I would suggest staying away from things you don’t understand.
The forum has lots of topics with people loosing money by playing with things they don’t understand.

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Hi T212 Traders,
we have created this topic to centralize all questions related to GraniteShares: GraniteShares ETPs – News / Questions & Answers