GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Update

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 397,348 shares, a drop of 35.1% from the April 15th total of 611,934 shares. Based on an average daily trading volume, of 19,047,890 shares, the days-to-cover ratio is presently 0.0 days. Approximately 8.5% of the company’s shares are short sold.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

GraniteShares 2x Short TSLA Daily ETF stock traded up $0.50 during trading on Monday, reaching $8.06. 23,301,155 shares of the company were exchanged, compared to its average volume of 31,912,518. GraniteShares 2x Short TSLA Daily ETF has a 52-week low of $6.57 and a 52-week high of $31.65. The stock’s 50 day simple moving average is $9.65 and its two-hundred day simple moving average is $9.05.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 1st quarter worth approximately $40,000. Jane Street Group LLC increased its holdings in shares of 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 worth $375,000 after buying an additional 2,167 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 173.1% during the 3rd quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock worth $194,000 after buying an additional 12,224 shares during the last quarter. Jump Financial LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the second quarter valued at $495,000. Finally, StoneX Group Inc. purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $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.