GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Large Decline in Short Interest

Posted by Renee Jackson on Jul 28th, 2024

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 64,600 shares, a decrease of 36.7% from the June 30th total of 102,100 shares. Based on an average trading volume of 1,225,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Hedge funds have recently bought and sold shares of the company. IMC Chicago LLC increased its position in GraniteShares 2x Short TSLA Daily ETF by 104.3% in the fourth quarter. IMC Chicago LLC now owns 45,842 shares of the company’s stock worth $714,000 after buying an additional 23,408 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the first quarter worth about $125,000. Finally, Canton Hathaway LLC bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the second quarter worth about $64,000.

GraniteShares 2x Short TSLA Daily ETF Trading Up 0.5 %

GraniteShares 2x Short TSLA Daily ETF stock opened at $10.79 on Friday. GraniteShares 2x Short TSLA Daily ETF has a one year low of $7.74 and a one year high of $38.44. The stock has a fifty day moving average of $15.21 and a 200 day moving average of $20.76.

GraniteShares 2x Short TSLA Daily ETF Company Profile

(Get Free Report)

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.