GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Trading 11.7% Higher – Here’s What Happened

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD)’s share price traded up 11.7% during mid-day trading on Tuesday . The stock traded as high as $8.82 and last traded at $8.72. Approximately 30,145,720 shares were traded during trading, a decline of 4% from the average session volume of 31,319,414 shares. The stock had previously closed at $7.81.

GraniteShares 2x Short TSLA Daily ETF Stock Up 0.1%

The firm has a fifty day moving average of $8.24 and a 200 day moving average of $8.67.

Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF

Several institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth approximately $615,000. Optiver Holding B.V. lifted its position 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 worth $194,000 after buying an additional 12,224 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at $389,000. Jump Financial LLC boosted its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 29.4% in the 4th quarter. Jump Financial LLC now owns 90,810 shares of the company’s stock valued at $702,000 after buying an additional 20,659 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at $450,000.

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.