GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Stock Short Interest Falls 57.1%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw 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 trading volume of 7,603,494 shares, the short-interest ratio is presently 0.1 days. Approximately 13.9% of the shares of the stock are short sold.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

A number of institutional investors have recently made changes to their positions in the stock. Group One Trading LLC bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the first quarter valued at about $40,000. Optiver Holding B.V. grew its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% during the 1st quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock worth $253,000 after acquiring an additional 1,713 shares during the period. Finally, IMC Chicago LLC raised its holdings in 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 worth $1,316,000 after purchasing an additional 46,502 shares in the last quarter.

GraniteShares 2x Short TSLA Daily ETF Price Performance

Shares of NASDAQ TSDD opened at $7.60 on Wednesday. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $6.57 and a 1-year high of $12.55. The stock’s 50-day moving average is $8.28 and its 200 day moving average is $8.66.

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.