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

Posted by Jessica Moore on Oct 13th, 2024

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 225,400 shares, a decline of 37.7% from the September 15th total of 361,700 shares. Based on an average daily trading volume, of 1,900,700 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

TSDD stock traded up $1.36 during mid-day trading on Friday, reaching $9.15. 2,586,497 shares of the company’s stock were exchanged, compared to its average volume of 835,990. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.41 and a 12-month high of $38.44. The stock’s 50 day moving average is $9.47 and its 200 day moving average is $15.61.

Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF

A number of large investors have recently added to or reduced their stakes in TSDD. Canton Hathaway LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter worth $64,000. ST Germain D J Co. Inc. acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 1st quarter valued at $125,000. Finally, GEM Asset Management LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the third quarter valued at about $378,000.

About GraniteShares 2x Short TSLA Daily ETF

(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.