GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 551,876 shares, a decline of 57.1% from the September 15th total of 1,287,274 shares. Based on an average daily trading volume, of 7,603,494 shares, the days-to-cover ratio is currently 0.1 days. Approximately 13.9% of the company’s stock are sold short.
GraniteShares 2x Short TSLA Daily ETF Trading Up 3.7%
TSDD traded up $0.28 during trading on Thursday, hitting $7.78. The company had a trading volume of 3,843,404 shares, compared to its average volume of 23,187,748. GraniteShares 2x Short TSLA Daily ETF has a one year low of $6.57 and a one year high of $12.55. The firm’s 50-day moving average price is $8.22 and its 200 day moving average price is $8.64.
Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. grew its holdings in 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 worth $253,000 after purchasing an additional 1,713 shares during the period. Group One Trading LLC bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the first quarter valued at about $40,000. Finally, IMC Chicago LLC raised its position in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% in the first quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after purchasing an additional 46,502 shares during the period.
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.
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