GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 223,130 shares, a decline of 43.8% from the April 30th total of 397,348 shares. Approximately 4.8% of the company’s stock are short sold. Based on an average daily volume of 28,118,136 shares, the short-interest ratio is presently 0.0 days.
GraniteShares 2x Short TSLA Daily ETF Stock Up 0.4%
NASDAQ:TSDD traded up $0.03 during mid-day trading on Wednesday, hitting $7.42. The stock had a trading volume of 27,342,952 shares, compared to its average volume of 31,289,215. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.57 and a twelve month high of $31.65. The stock has a 50-day simple moving average of $9.22 and a two-hundred day simple moving average of $8.92.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
Large investors have recently modified their holdings of the stock. Group One Trading LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the first quarter worth $40,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% during the third quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock worth $194,000 after acquiring an additional 12,224 shares during the last quarter. StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth about $320,000. Jane Street Group LLC lifted its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 15.3% in the second quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock worth $375,000 after acquiring an additional 2,167 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at about $389,000.
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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