GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 397,348 shares, a decrease of 35.1% from the April 15th total of 611,934 shares. Based on an average daily volume of 19,047,890 shares, the short-interest ratio is presently 0.0 days. Currently, 8.5% of the shares of the company are sold short.
GraniteShares 2x Short TSLA Daily ETF Trading Up 3.6%
GraniteShares 2x Short TSLA Daily ETF stock traded up $0.29 during mid-day trading on Tuesday, hitting $8.29. The company had a trading volume of 17,962,131 shares, compared to its average volume of 31,848,221. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.57 and a 12-month high of $31.65. The company’s fifty day moving average is $9.63 and its 200-day moving average is $9.04.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
Hedge funds have recently bought and sold shares of the stock. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth approximately $615,000. Group One Trading LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 1st quarter worth approximately $40,000. StoneX Group Inc. purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth approximately $320,000. XTX Topco Ltd purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth approximately $389,000. Finally, Renaissance Technologies LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth approximately $554,000.
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.
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