GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 61,800 shares, an increase of 86.1% from the January 15th total of 33,200 shares. Based on an average trading volume of 1,086,800 shares, the days-to-cover ratio is presently 0.1 days.
GraniteShares 2x Short TSLA Daily ETF Stock Performance
TSDD opened at $38.90 on Friday. GraniteShares 2x Short TSLA Daily ETF has a 52-week low of $24.20 and a 52-week high of $768.80. The firm’s 50-day moving average price is $33.00 and its 200-day moving average price is $110.42.
Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF
Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of 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 valued at $476,000 after acquiring an additional 27,519 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $141,000. Prosperity Wealth Management Inc. purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $491,000. SG Americas Securities LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $504,000. Finally, IMC Chicago LLC purchased a new position in GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $557,000.
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.
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