GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Up 168.3% in June

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 789,997 shares, an increase of 168.3% from the May 31st total of 294,476 shares. Based on an average daily volume of 31,289,978 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.0% of the company’s stock are short sold.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

NASDAQ:TSDD opened at $8.83 on Monday. The firm has a 50-day simple moving average of $8.20 and a two-hundred day simple moving average of $8.67. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $6.57 and a fifty-two week high of $26.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSDD. Optiver Holding B.V. boosted its holdings 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 buying an additional 1,713 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the first quarter worth $40,000. IMC Chicago LLC increased its stake 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. XTX Topco Ltd purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth $389,000. Finally, Jump Financial LLC raised its stake in GraniteShares 2x Short TSLA Daily ETF by 29.4% during the 4th quarter. Jump Financial LLC now owns 90,810 shares of the company’s stock valued at $702,000 after purchasing an additional 20,659 shares during the period.

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.