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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 223,130 shares, a decline of 43.8% from the April 30th total of 397,348 shares. Based on an average daily trading volume, of 28,118,136 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.8% of the company’s stock are sold short.

GraniteShares 2x Short TSLA Daily ETF Stock Up 9.1%

TSDD stock traded up $0.64 on Tuesday, hitting $7.68. 23,914,318 shares of the company’s stock were exchanged, compared to its average volume of 31,368,863. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.57 and a 12-month high of $31.65. The firm has a 50 day moving average price of $9.22 and a two-hundred day moving average price of $8.92.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Several large investors have recently added to or reduced their stakes in TSDD. IMC Chicago LLC lifted its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% in the 1st quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after buying an additional 46,502 shares during the period. HRT Financial LP acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at approximately $822,000. Jump Financial LLC raised its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 29.4% during the fourth quarter. Jump Financial LLC now owns 90,810 shares of the company’s stock valued at $702,000 after acquiring an additional 20,659 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at approximately $554,000. Finally, Headlands Technologies LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at approximately $450,000.

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.