GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 551,876 shares, a decrease of 57.1% from the September 15th total of 1,287,274 shares. Based on an average daily trading volume, of 7,603,494 shares, the days-to-cover ratio is currently 0.1 days. Currently, 13.9% of the shares of the stock are sold short.
Institutional Trading of GraniteShares 2x Short TSLA Daily ETF
Hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. grew its holdings in GraniteShares 2x Short TSLA Daily ETF by 7.6% during the 1st quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock worth $253,000 after acquiring an additional 1,713 shares during the period. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 1st quarter valued at $40,000. Finally, IMC Chicago LLC raised its position in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% during the 1st quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after acquiring an additional 46,502 shares during the last quarter.
GraniteShares 2x Short TSLA Daily ETF Stock Up 1.4%
Shares of NASDAQ TSDD traded up $0.10 during midday trading on Tuesday, reaching $7.18. 3,330,847 shares of the company traded hands, compared to its average volume of 23,385,531. The stock’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.67. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $6.57 and a 12 month high of $12.55.
GraniteShares 2x Short TSLA Daily ETF Company Profile
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.
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