GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 719,163 shares, a decline of 14.1% from the March 15th total of 837,500 shares. Approximately 13.0% of the company’s shares are sold short. Based on an average daily volume of 41,695,230 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
A number of hedge funds have recently added to or reduced their stakes in TSDD. Jane Street Group LLC grew its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 15.3% in the second quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock worth $375,000 after acquiring an additional 2,167 shares in the last quarter. HRT Financial LP acquired a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth $822,000. Jump Financial LLC increased its holdings in GraniteShares 2x Short TSLA Daily ETF by 29.4% during the 4th quarter. Jump Financial LLC now owns 90,810 shares of the company’s stock worth $702,000 after purchasing an additional 20,659 shares during the period. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $554,000. Finally, Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $450,000.
GraniteShares 2x Short TSLA Daily ETF Price Performance
Shares of TSDD stock traded down $0.82 on Friday, hitting $8.40. The stock had a trading volume of 9,634,642 shares, compared to its average volume of 34,014,438. The company’s 50 day moving average price is $9.74 and its 200-day moving average price is $9.25. GraniteShares 2x Short TSLA Daily ETF has a 1 year low of $6.87 and a 1 year high of $58.00.
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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