GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Down 35.1% in April

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 397,348 shares, a decline of 35.1% from the April 15th total of 611,934 shares. Approximately 8.5% of the company’s shares are sold short. Based on an average daily trading volume, of 19,047,890 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSDD. HRT Financial LP purchased a new position in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at approximately $822,000. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $615,000. Renaissance Technologies LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $554,000. Headlands Technologies LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $450,000. Finally, XTX Topco Ltd purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $389,000.

GraniteShares 2x Short TSLA Daily ETF Price Performance

Shares of TSDD stock traded up $0.50 on Monday, hitting $8.06. The stock had a trading volume of 23,301,155 shares, compared to its average volume of 31,912,518. GraniteShares 2x Short TSLA Daily ETF has a 1 year low of $6.57 and a 1 year high of $31.65. The company’s 50 day moving average price is $9.65 and its 200-day moving average price is $9.05.

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.