Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Declines By 32.5%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 78,000 shares, a drop of 32.5% from the February 13th total of 115,500 shares. Approximately 5.7% of the shares of the stock are short sold. Based on an average trading volume of 1,212,000 shares, the days-to-cover ratio is presently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

NASDAQ TSDD opened at $67.66 on Monday. The stock’s 50 day simple moving average is $43.71 and its 200-day simple moving average is $83.88. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $24.20 and a 1-year high of $768.80.

Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 61.3% in 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 last quarter. Two Sigma Securities LLC increased its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 316.6% in the fourth quarter. Two Sigma Securities LLC now owns 53,639 shares of the company’s stock valued at $90,000 after purchasing an additional 40,763 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at approximately $141,000. IHT Wealth Management LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at approximately $252,000. Finally, Prosperity Wealth Management Inc. acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $491,000.

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.