GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Down 40.0% in January

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 743,900 shares, a decline of 40.0% from the December 31st total of 1,240,000 shares. Based on an average daily volume of 17,353,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSDD. IMC Chicago LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at $557,000. SG Americas Securities LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth about $504,000. GEM Asset Management LLC purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the third quarter worth about $378,000. Finally, Jane Street Group LLC boosted 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 during the last quarter.

GraniteShares 2x Short TSLA Daily ETF Trading Down 2.0 %

GraniteShares 2x Short TSLA Daily ETF stock traded down $0.65 during mid-day trading on Friday, hitting $31.37. The company had a trading volume of 1,266,525 shares, compared to its average volume of 905,568. The stock’s 50 day moving average price is $35.39 and its two-hundred day moving average price is $120.47. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $24.20 and a 12 month high of $768.80.

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.