GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Large Decrease in Short Interest

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 341,358 shares, a drop of 56.8% from the June 15th total of 789,997 shares. Based on an average daily trading volume, of 26,657,621 shares, the days-to-cover ratio is presently 0.0 days. Currently, 7.2% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of the stock. HRT Financial LP acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at approximately $822,000. IMC Chicago LLC bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at approximately $615,000. Renaissance Technologies LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at approximately $554,000. Headlands Technologies LLC bought a new position in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $450,000. Finally, XTX Topco Ltd bought a new position in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $389,000.

GraniteShares 2x Short TSLA Daily ETF Trading Up 2.6%

TSDD traded up $0.20 during trading on Wednesday, hitting $7.77. The company had a trading volume of 13,295,933 shares, compared to its average volume of 30,227,918. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $6.57 and a 1-year high of $24.20. The business has a 50-day moving average of $7.70 and a 200-day moving average of $8.64.

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.