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

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

GraniteShares 2x Short TSLA Daily ETF Price Performance

TSDD traded down $5.37 during trading on Wednesday, reaching $28.28. 858,142 shares of the stock were exchanged, compared to its average volume of 1,084,840. The stock’s 50 day moving average price is $41.46 and its two-hundred day moving average price is $132.38. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $24.20 and a twelve month high of $768.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Short TSLA Daily ETF stock. Jane Street Group LLC boosted its position in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) by 61.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 72,399 shares of the company’s stock after purchasing an additional 27,519 shares during the period. Jane Street Group LLC owned about 1.22% of GraniteShares 2x Short TSLA Daily ETF worth $476,000 as of its most recent filing with the SEC.

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.