GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 789,997 shares, a growth of 168.3% from the May 31st total of 294,476 shares. Currently, 17.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,289,978 shares, the days-to-cover ratio is presently 0.0 days.
GraniteShares 2x Short TSLA Daily ETF Price Performance
TSDD stock opened at $8.83 on Monday. GraniteShares 2x Short TSLA Daily ETF has a one year low of $6.57 and a one year high of $26.74. The company’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $8.67.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. increased its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% during the first quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock valued at $253,000 after buying an additional 1,713 shares during the period. Jane Street Group LLC increased its position in GraniteShares 2x Short TSLA Daily ETF by 15.3% during the 2nd 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. Group One Trading LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the 1st quarter valued at $40,000. Jump Financial LLC raised its holdings in 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 worth $702,000 after purchasing an additional 20,659 shares in the last quarter. Finally, StoneX Group Inc. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter worth about $320,000.
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.
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