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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 883,900 shares, an increase 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 presently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Trading Up 3.4 %

Shares of TSDD stock opened at $2.75 on Thursday. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $2.34 and a 12 month high of $38.44. The business’s 50 day moving average is $5.89 and its two-hundred day moving average is $10.90.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GEM Asset Management LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the third quarter worth $378,000. Jane Street Group LLC boosted its stake in GraniteShares 2x Short TSLA Daily ETF by 61.3% during the third quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock worth $476,000 after buying an additional 27,519 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the second quarter worth $64,000.

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.