GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Significant Increase in Short Interest

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 102,100 shares, a growth of 42.8% from the June 15th total of 71,500 shares. Based on an average daily volume of 559,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Short TSLA Daily ETF stock. IMC Chicago LLC increased its holdings in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) by 104.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,842 shares of the company’s stock after purchasing an additional 23,408 shares during the quarter. IMC Chicago LLC owned 57.30% of GraniteShares 2x Short TSLA Daily ETF worth $714,000 at the end of the most recent reporting period.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

NASDAQ TSDD traded down $0.57 on Friday, hitting $8.98. 7,613,993 shares of the company’s stock traded hands, compared to its average volume of 433,398. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $7.74 and a 1-year high of $38.44. The firm’s 50-day moving average price is $17.48 and its two-hundred day moving average price is $21.19.

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.