GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Large Decrease in Short Interest

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 551,876 shares, a drop of 57.1% from the September 15th total of 1,287,274 shares. Currently, 13.9% of the company’s shares are sold short. Based on an average trading volume of 7,603,494 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the first quarter valued at approximately $40,000. Optiver Holding B.V. lifted its position in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% in the first quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock worth $253,000 after purchasing an additional 1,713 shares in the last quarter. Finally, IMC Chicago LLC lifted its position in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% in the first quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock worth $1,316,000 after purchasing an additional 46,502 shares in the last quarter.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

GraniteShares 2x Short TSLA Daily ETF stock traded up $0.10 during mid-day trading on Tuesday, hitting $7.18. 3,330,847 shares of the company’s stock were exchanged, compared to its average volume of 23,385,531. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $6.57 and a fifty-two week high of $12.55. The company’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 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.