GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Down 14.1% in March

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 719,163 shares, a drop of 14.1% from the March 15th total of 837,500 shares. Based on an average trading volume of 41,695,230 shares, the days-to-cover ratio is presently 0.0 days. Currently, 13.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings 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 buying an additional 2,167 shares in the last quarter. Optiver Holding B.V. grew its holdings in shares of 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 acquiring an additional 12,224 shares in the last quarter. Jump Financial LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter valued at $495,000. StoneX Group Inc. bought a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $320,000. Finally, XTX Topco Ltd bought a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth $389,000.

GraniteShares 2x Short TSLA Daily ETF Trading Down 6.1%

Shares of GraniteShares 2x Short TSLA Daily ETF stock opened at $8.66 on Friday. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.87 and a twelve month high of $58.00. The business’s fifty day moving average price is $9.73 and its 200 day moving average price is $9.23.

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.