GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Down 43.8% in May

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 223,130 shares, a drop of 43.8% from the April 30th total of 397,348 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 28,118,136 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Several hedge funds have recently added to or reduced their stakes in TSDD. Group One Trading LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 1st quarter worth $40,000. Optiver Holding B.V. grew its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% in 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 in the last quarter. StoneX Group Inc. bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $320,000. Jane Street Group LLC increased its position 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 worth $375,000 after buying an additional 2,167 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $389,000.

GraniteShares 2x Short TSLA Daily ETF Stock Up 2.2%

TSDD traded up $0.16 during mid-day trading on Thursday, reaching $7.56. The stock had a trading volume of 11,409,069 shares, compared to its average volume of 31,136,203. GraniteShares 2x Short TSLA Daily ETF has a 52 week low of $6.57 and a 52 week high of $31.65. The firm’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $8.88.

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.