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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a significant increase in short interest during the month of 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 daily volume of 1,086,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TSDD. SBI Securities Co. Ltd. purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 4th quarter valued at approximately $141,000. Jane Street Group LLC raised its position in GraniteShares 2x Short TSLA Daily ETF by 61.3% during the 3rd 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 during the last quarter. 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 acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $504,000. Finally, IMC Chicago LLC acquired a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth approximately $557,000.

GraniteShares 2x Short TSLA Daily ETF Trading Down 8.5 %

Shares of NASDAQ TSDD traded down $3.76 during mid-day trading on Thursday, reaching $40.24. The company had a trading volume of 1,207,703 shares, compared to its average volume of 979,271. The business’s 50-day moving average is $33.00 and its 200-day moving average is $110.42. GraniteShares 2x Short TSLA Daily ETF has a 52 week low of $24.20 and a 52 week high of $768.80.

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.