GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Update

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 61,800 shares, a growth of 86.1% from the January 15th total of 33,200 shares. Based on an average daily volume of 1,086,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth $3,368,000. Jane Street Group LLC boosted its stake in GraniteShares 2x Short TSLA Daily ETF by 725.0% in the 4th quarter. Jane Street Group LLC now owns 597,267 shares of the company’s stock worth $1,003,000 after purchasing an additional 524,868 shares during the period. IMC Chicago LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $557,000. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $504,000. Finally, Prosperity Wealth Management Inc. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $491,000.

GraniteShares 2x Short TSLA Daily ETF Price Performance

Shares of NASDAQ:TSDD traded up $0.08 during trading on Friday, reaching $38.98. 1,039,257 shares of the stock were exchanged, compared to its average volume of 988,085. The stock has a fifty day moving average of $32.89 and a two-hundred day moving average of $109.92. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $24.20 and a 1-year high of $768.80.

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.