GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Large Growth in Short Interest

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 883,900 shares, an increase of 120.9% from the October 31st total of 400,200 shares. Based on an average daily volume of 6,576,800 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Up 3.4 %

TSDD stock opened at $2.75 on Thursday. GraniteShares 2x Short TSLA Daily ETF has a one year low of $2.34 and a one year high of $38.44. The firm has a 50-day moving average of $5.89 and a two-hundred day moving average of $10.90.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Hedge funds have recently bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the second quarter valued at about $64,000. GEM Asset Management LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the third quarter valued at about $378,000. Finally, Jane Street Group LLC lifted its stake in GraniteShares 2x Short TSLA Daily ETF by 61.3% during the third quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock valued at $476,000 after buying an additional 27,519 shares in the last quarter.

GraniteShares 2x Short TSLA Daily ETF Company Profile

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.