GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Stock Price Up 6.5% – Here’s What Happened

Shares of GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) shot up 6.5% during mid-day trading on Thursday . The stock traded as high as $10.23 and last traded at $10.17. 42,836,679 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 34,374,102 shares. The stock had previously closed at $9.55.

GraniteShares 2x Short TSLA Daily ETF Trading Up 6.5%

The company has a 50 day moving average of $8.72 and a 200-day moving average of $9.71.

GraniteShares 2x Short TSLA Daily ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were paid a $0.651 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 76.8%.

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

Several large investors have recently added to or reduced their stakes in TSDD. HRT Financial LP acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $822,000. IMC Chicago LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $615,000. Renaissance Technologies LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $554,000. Headlands Technologies LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $450,000. Finally, XTX Topco Ltd purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $389,000.

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.