GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $7.40 and traded as high as $8.24. GraniteShares 2x Short TSLA Daily ETF shares last traded at $8.07, with a volume of 13,217,661 shares changing hands.
GraniteShares 2x Short TSLA Daily ETF Trading Down 8.4%
The stock’s 50 day simple moving average is $7.38 and its 200 day simple moving average is $8.57.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
A number of institutional investors have recently modified their holdings of TSDD. StoneX Group Inc. bought a new stake in GraniteShares 2x Short TSLA Daily ETF in the third quarter valued at about $772,000. Optiver Holding B.V. raised its stake in GraniteShares 2x Short TSLA Daily ETF by 7.6% during the first quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock valued at $253,000 after buying an additional 1,713 shares in the last quarter. Group One Trading LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the first quarter valued at approximately $40,000. Finally, IMC Chicago LLC lifted its holdings in GraniteShares 2x Short TSLA Daily ETF by 58.4% during the 1st quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock worth $1,316,000 after buying an additional 46,502 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.
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