GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Up 30.0% in March

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 837,500 shares, a growth of 30.0% from the February 26th total of 644,123 shares. Currently, 11.2% of the company’s shares are sold short. Based on an average trading volume of 41,268,214 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

Shares of NASDAQ TSDD traded down $1.01 during midday trading on Tuesday, hitting $10.49. The stock had a trading volume of 24,521,647 shares, compared to its average volume of 35,417,688. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $6.87 and a 1-year high of $77.62. The company has a fifty day moving average price of $9.08 and a 200 day moving average price of $9.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSDD. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% in 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 in the last quarter. StoneX Group Inc. acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at $320,000. Jane Street Group LLC boosted its position in GraniteShares 2x Short TSLA Daily ETF by 15.3% during the 2nd quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock worth $375,000 after purchasing an additional 2,167 shares during the period. XTX Topco Ltd acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at $389,000. Finally, Headlands Technologies LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at $450,000.

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.