GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Shares Cross Above 50 Day Moving Average – Should You Sell?

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $7.40 and traded as high as $8.24. GraniteShares 2x Short TSLA Daily ETF shares last traded at $8.07, with a volume of 13,217,661 shares traded.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

The business has a 50 day moving average of $7.40 and a two-hundred day moving average of $8.58.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

A number of institutional investors have recently modified their holdings of the company. StoneX Group Inc. purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 3rd quarter worth approximately $772,000. Optiver Holding B.V. raised its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% during the 1st quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock worth $253,000 after acquiring an additional 1,713 shares in the last quarter. Group One Trading LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the first quarter valued at approximately $40,000. Finally, IMC Chicago LLC lifted its position in GraniteShares 2x Short TSLA Daily ETF by 58.4% during the first quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after acquiring an additional 46,502 shares during the last quarter.

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.