GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Stock Price Up 7.4% – Should You Buy?

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) traded up 7.4% during mid-day trading on Wednesday . The company traded as high as $9.42 and last traded at $9.14. 32,087,790 shares changed hands during trading, an increase of 9% from the average session volume of 29,344,301 shares. The stock had previously closed at $8.51.

GraniteShares 2x Short TSLA Daily ETF Trading Up 7.4%

The business has a 50-day simple moving average of $8.15 and a 200-day simple moving average of $12.02.

GraniteShares 2x Short TSLA Daily ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a $0.651 dividend. This represents a c) annualized dividend and a yield of 85.5%. The ex-dividend date was Monday, December 29th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at about $615,000. Jump Financial LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the second quarter worth $495,000. StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter worth about $427,000. Optiver Holding B.V. increased its position in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% during the third quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock valued at $194,000 after acquiring an additional 12,224 shares during the last quarter. Finally, Jane Street Group LLC raised its position in 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 valued at $375,000 after purchasing an additional 2,167 shares during the period.

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.