GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 576,867 shares, an increase of 88.1% from the August 15th total of 306,659 shares. Currently, 20.0% of the shares of the company are short sold. Based on an average daily volume of 4,834,230 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC boosted its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% in the first quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after acquiring an additional 46,502 shares during the period. Optiver Holding B.V. increased its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% in the 1st quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock valued at $253,000 after acquiring an additional 1,713 shares during the period. Finally, Group One Trading LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 1st quarter valued at $40,000.
GraniteShares 2x Short TSLA Daily ETF Stock Down 5.8%
Shares of TSDD traded down $0.47 during midday trading on Thursday, reaching $7.58. 2,387,286 shares of the stock were exchanged, compared to its average volume of 25,021,492. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.57 and a twelve month high of $12.55. The business’s 50-day moving average price is $9.07 and its 200 day moving average price is $8.94.
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.
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