GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Up 43.6% in April

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,600 shares, a growth of 43.6% from the March 31st total of 3,900 shares. Based on an average trading volume of 121,400 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Short TSLA Daily ETF stock. ST Germain D J Co. Inc. bought a new position in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the company’s stock, valued at approximately $125,000. ST Germain D J Co. Inc. owned approximately 6.25% of GraniteShares 2x Short TSLA Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Short TSLA Daily ETF Stock Performance

Shares of TSDD opened at $24.90 on Monday. GraniteShares 2x Short TSLA Daily ETF has a 1 year low of $14.19 and a 1 year high of $38.44. The business has a 50-day moving average of $25.85 and a 200-day moving average of $23.00.

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.