GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Trading 0.6% Higher – Should You Buy?

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD)’s stock price rose 0.6% during mid-day trading on Wednesday . The stock traded as high as $7.53 and last traded at $7.31. Approximately 12,861,309 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 6,357,581 shares. The stock had previously closed at $7.27.

GraniteShares 2x Short TSLA Daily ETF Stock Up 0.6%

The firm has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $15.12.

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

Several large investors have recently made changes to their positions in TSDD. Optiver Holding B.V. lifted its holdings in 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 valued at $194,000 after purchasing an additional 12,224 shares during the last quarter. Jane Street Group LLC raised its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 15.3% in the second 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. Jump Financial LLC bought a new stake in GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter worth approximately $495,000. StoneX Group Inc. acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter valued at $427,000. Finally, SBI Securities Co. Ltd. raised its position in GraniteShares 2x Short TSLA Daily ETF by 357.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,492 shares of the company’s stock valued at $57,000 after purchasing an additional 1,947 shares during the last quarter.

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.