GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,287,274 shares, a growth of 123.1% from the August 31st total of 576,867 shares. Based on an average trading volume of 9,369,144 shares, the short-interest ratio is currently 0.1 days. Approximately 45.8% of the company’s stock are short sold.
GraniteShares 2x Short TSLA Daily ETF Price Performance
Shares of NASDAQ TSDD traded up $0.22 on Friday, reaching $7.41. 7,495,521 shares of the company’s stock traded hands, compared to its average volume of 24,482,203. The business’s 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $8.85. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $6.57 and a 12 month high of $12.55.
Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF
Hedge funds have recently bought and sold shares of the company. IMC Chicago LLC grew its position in GraniteShares 2x Short TSLA Daily ETF by 58.4% during the 1st quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after purchasing an additional 46,502 shares during the last quarter. Group One Trading LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF in the first quarter worth about $40,000. Finally, Optiver Holding B.V. lifted its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 7.6% in the first quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock worth $253,000 after buying an additional 1,713 shares in the last quarter.
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.
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