Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Increases By 105.5%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 71,500 shares, a growth of 105.5% from the May 31st total of 34,800 shares. Based on an average daily volume of 270,200 shares, the days-to-cover ratio is presently 0.3 days.

GraniteShares 2x Short TSLA Daily ETF Price Performance

Shares of TSDD traded down $0.10 during mid-day trading on Friday, hitting $15.50. 339,113 shares of the company traded hands, compared to its average volume of 169,159. GraniteShares 2x Short TSLA Daily ETF has a one year low of $14.19 and a one year high of $38.44. The business has a 50-day moving average of $20.44 and a 200 day moving average of $21.89.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Short TSLA Daily ETF stock. ST Germain D J Co. Inc. purchased a new stake in shares of GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $125,000. ST Germain D J Co. Inc. owned about 6.25% of GraniteShares 2x Short TSLA Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Short TSLA Daily ETF Company Profile

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.