GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Update

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 883,900 shares, a growth of 120.9% from the October 31st total of 400,200 shares. Based on an average daily volume of 6,576,800 shares, the short-interest ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Trading Down 6.9 %

NASDAQ TSDD traded down $0.19 on Friday, reaching $2.56. 5,351,959 shares of the company’s stock traded hands, compared to its average volume of 2,423,308. The stock has a 50 day moving average price of $5.68 and a 200-day moving average price of $10.71. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $2.34 and a fifty-two week high of $38.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canton Hathaway LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF in the second quarter valued at $64,000. GEM Asset Management LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF in the third quarter valued at $378,000. Finally, Jane Street Group LLC increased its holdings in 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 buying an additional 27,519 shares in the last quarter.

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.