GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 611,934 shares, a drop of 14.9% from the March 31st total of 719,163 shares. Based on an average daily trading volume, of 27,583,956 shares, the days-to-cover ratio is currently 0.0 days. Currently, 10.9% of the company’s shares are short sold.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
Several hedge funds have recently made changes to their positions in TSDD. Optiver Holding B.V. boosted its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% during the 3rd quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock valued at $194,000 after buying an additional 12,224 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at $320,000. Jane Street Group LLC boosted its holdings in shares of 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 valued at $375,000 after buying an additional 2,167 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at $389,000. Finally, Headlands Technologies LLC bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at $450,000.
GraniteShares 2x Short TSLA Daily ETF Stock Performance
NASDAQ TSDD opened at $9.50 on Friday. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.87 and a twelve month high of $37.27. The stock’s 50 day moving average is $9.91 and its 200 day moving average is $9.20.
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.
Further Reading
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