GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,287,274 shares, a growth of 123.1% from the August 31st total of 576,867 shares. Currently, 45.8% of the company’s shares are short sold. Based on an average trading volume of 9,369,144 shares, the days-to-cover ratio is presently 0.1 days.
GraniteShares 2x Short TSLA Daily ETF Stock Up 2.3%
NASDAQ:TSDD traded up $0.18 during mid-day trading on Tuesday, reaching $8.18. 1,981,691 shares of the company’s stock traded hands, compared to its average volume of 24,264,096. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.57 and a 12-month high of $12.55. The company has a 50 day moving average price of $9.03 and a 200-day moving average price of $8.84.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. IMC Chicago LLC boosted its stake 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 worth $1,316,000 after acquiring an additional 46,502 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% during the first quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock valued at $253,000 after purchasing an additional 1,713 shares during the last quarter. Finally, Group One Trading LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the first quarter valued at approximately $40,000.
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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