GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 44,400 shares, a decline of 72.0% from the May 15th total of 158,800 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 3,089,100 shares, the days-to-cover ratio is presently 0.0 days.
GraniteShares 2x Short TSLA Daily ETF Trading Up 4.6%
Shares of GraniteShares 2x Short TSLA Daily ETF stock opened at $23.42 on Friday. The company’s 50-day moving average price is $33.74 and its two-hundred day moving average price is $40.78. GraniteShares 2x Short TSLA Daily ETF has a 52 week low of $19.15 and a 52 week high of $394.20.
Institutional Trading of GraniteShares 2x Short TSLA Daily ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC raised its holdings in GraniteShares 2x Short TSLA Daily ETF by 316.6% during the 4th quarter. Two Sigma Securities LLC now owns 53,639 shares of the company’s stock worth $90,000 after buying an additional 40,763 shares during the period. SBI Securities Co. Ltd. acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $141,000. IHT Wealth Management LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $252,000. Prosperity Wealth Management Inc. acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $491,000. Finally, Jane Street Group LLC raised its holdings in GraniteShares 2x Short TSLA Daily ETF by 725.0% during the 4th quarter. Jane Street Group LLC now owns 597,267 shares of the company’s stock worth $1,003,000 after buying an additional 524,868 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.
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