Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Expands By 168.3%

by · The Markets Daily

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 789,997 shares, an increase of 168.3% from the May 31st total of 294,476 shares. Based on an average trading volume of 31,289,978 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.0% of the shares of the stock are sold short.

GraniteShares 2x Short TSLA Daily ETF Stock Down 3.6%

Shares of NASDAQ:TSDD traded down $0.26 on Tuesday, hitting $7.06. The company had a trading volume of 18,473,085 shares, compared to its average volume of 31,002,875. GraniteShares 2x Short TSLA Daily ETF has a 52-week low of $6.57 and a 52-week high of $26.74. The business has a 50 day moving average of $8.16 and a 200 day moving average of $8.66.

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

Several hedge funds have recently modified their holdings of the company. Optiver Holding B.V. boosted its position in 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 worth $253,000 after acquiring an additional 1,713 shares during the last quarter. Jane Street Group LLC raised its holdings in GraniteShares 2x Short TSLA Daily ETF by 15.3% in the 2nd quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock valued at $375,000 after acquiring an additional 2,167 shares during the last quarter. Group One Trading LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 1st quarter worth $40,000. Jump Financial LLC lifted its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 29.4% during 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 during the period. Finally, StoneX Group Inc. acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $320,000.

GraniteShares 2x Short TSLA Daily ETF Company Profile

(Get Free Report)

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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