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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 341,358 shares, a decrease of 56.8% from the June 15th total of 789,997 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average trading volume of 26,657,621 shares, the short-interest ratio is currently 0.0 days.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

NASDAQ:TSDD opened at $7.63 on Tuesday. The firm has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $8.63. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.57 and a twelve month high of $24.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HRT Financial LP acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $822,000. IMC Chicago LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $615,000. Renaissance Technologies LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $554,000. Headlands Technologies LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $450,000. Finally, XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $389,000.

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.