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

Posted by Doug Wharley on Jan 31st, 2025

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 743,900 shares, a drop of 40.0% from the December 31st total of 1,240,000 shares. Based on an average daily volume of 17,353,400 shares, the days-to-cover ratio is currently 0.0 days.

GraniteShares 2x Short TSLA Daily ETF Stock Down 2.0 %

Shares of GraniteShares 2x Short TSLA Daily ETF stock traded down $0.65 during trading on Friday, reaching $31.37. The company’s stock had a trading volume of 1,266,525 shares, compared to its average volume of 905,568. GraniteShares 2x Short TSLA Daily ETF has a 1-year low of $24.20 and a 1-year high of $768.80. The company has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $120.47.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

A number of institutional investors have recently made changes to their positions in the business. IMC Chicago LLC acquired a new stake in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth about $557,000. SG Americas Securities LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at about $504,000. Jane Street Group LLC increased its stake in shares of GraniteShares 2x Short TSLA Daily ETF by 61.3% in the 3rd quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock valued at $476,000 after purchasing an additional 27,519 shares in the last quarter. Finally, GEM Asset Management LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 3rd quarter valued at about $378,000.

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.