GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 61,800 shares, a growth of 86.1% from the January 15th total of 33,200 shares. Based on an average daily volume of 1,086,800 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. IMC Chicago LLC bought a new position 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 valued at $504,000. Prosperity Wealth Management Inc. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at $491,000. SBI Securities Co. Ltd. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at $141,000. Finally, Jane Street Group LLC boosted its stake in shares of 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 purchasing an additional 27,519 shares during the period.
GraniteShares 2x Short TSLA Daily ETF Stock Performance
Shares of TSDD opened at $38.90 on Friday. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $24.20 and a fifty-two week high of $768.80. The company’s fifty day moving average is $33.00 and its 200 day moving average is $110.42.
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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