Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Drops By 14.9%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 611,934 shares, a decline of 14.9% from the March 31st total of 719,163 shares. Currently, 10.9% of the company’s stock are short sold. Based on an average daily trading volume, of 27,583,956 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in GraniteShares 2x Short TSLA Daily ETF by 15.3% during the second quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock valued at $375,000 after buying an additional 2,167 shares during the last quarter. Optiver Holding B.V. raised its stake in GraniteShares 2x Short TSLA Daily ETF by 173.1% during the third quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock valued at $194,000 after buying an additional 12,224 shares during the last quarter. Jump Financial LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the second quarter valued at $495,000. StoneX Group Inc. purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at $320,000. Finally, XTX Topco Ltd bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth $389,000.

GraniteShares 2x Short TSLA Daily ETF Trading Down 4.6%

Shares of NASDAQ:TSDD opened at $9.50 on Friday. The stock has a fifty day simple moving average of $9.91 and a two-hundred day simple moving average of $9.20. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.87 and a 12-month high of $37.27.

About GraniteShares 2x Short TSLA Daily ETF

The GraniteShares 2x Short TSLA Daily ETF (TSDD) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 2x inverse leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSDD was launched on Aug 21, 2023 and is issued by GraniteShares.