GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Significant Drop in Short Interest

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 78,000 shares, a decrease of 32.5% from the February 13th total of 115,500 shares. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 1,212,000 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

TSDD stock traded down $5.61 during trading on Friday, hitting $67.66. 1,252,569 shares of the stock traded hands, compared to its average volume of 1,171,651. GraniteShares 2x Short TSLA Daily ETF has a 1 year low of $24.20 and a 1 year high of $768.80. The firm’s 50 day moving average is $43.71 and its two-hundred day moving average is $85.81.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its position in GraniteShares 2x Short TSLA Daily ETF by 61.3% during the 3rd quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock valued at $476,000 after purchasing an additional 27,519 shares during the last quarter. Two Sigma Securities LLC lifted its stake in GraniteShares 2x Short TSLA Daily ETF by 316.6% during the 4th quarter. Two Sigma Securities LLC now owns 53,639 shares of the company’s stock valued at $90,000 after acquiring an additional 40,763 shares during the period. Optiver Holding B.V. bought a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at about $3,368,000. IHT Wealth Management LLC bought a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at about $252,000. Finally, Prosperity Wealth Management Inc. bought a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at about $491,000.

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.