GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 341,358 shares, a drop of 56.8% from the June 15th total of 789,997 shares. Currently, 7.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,657,621 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IMC Chicago LLC increased its stake in 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 purchasing an additional 46,502 shares in the last quarter. HRT Financial LP purchased a new stake in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter worth $822,000. Jump Financial LLC boosted its position in 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 worth $702,000 after purchasing an additional 20,659 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $554,000. Finally, Headlands Technologies LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $450,000.
GraniteShares 2x Short TSLA Daily ETF Stock Up 6.4%
Shares of TSDD stock opened at $7.63 on Tuesday. The business’s fifty day moving average price is $7.73 and its 200 day moving average price is $8.63. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $6.57 and a 1-year high of $24.20.
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.
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