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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 64,600 shares, a decline of 36.7% from the June 30th total of 102,100 shares. Based on an average daily volume of 1,225,100 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Up 0.5 %

Shares of NASDAQ:TSDD traded up $0.05 during trading on Friday, hitting $10.79. 1,866,191 shares of the company were exchanged, compared to its average volume of 640,281. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $7.74 and a fifty-two week high of $38.44. The firm has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $20.73.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Canton Hathaway LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter worth approximately $64,000. ST Germain D J Co. Inc. acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 1st quarter worth approximately $125,000. Finally, IMC Chicago LLC increased its holdings in shares of GraniteShares 2x Short TSLA Daily ETF by 104.3% during the 4th quarter. IMC Chicago LLC now owns 45,842 shares of the company’s stock worth $714,000 after acquiring an additional 23,408 shares during the last quarter.

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.