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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 883,900 shares, a growth of 120.9% from the October 31st total of 400,200 shares. Based on an average daily volume of 6,576,800 shares, the days-to-cover ratio is currently 0.1 days.

GraniteShares 2x Short TSLA Daily ETF Stock Down 6.9 %

Shares of TSDD traded down $0.19 during trading hours on Friday, hitting $2.56. 4,904,319 shares of the stock were exchanged, compared to its average volume of 2,423,308. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $2.34 and a 12-month high of $38.44. The stock’s 50-day moving average price is $5.68 and its two-hundred day moving average price is $10.71.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

Several large investors have recently added to or reduced their stakes in TSDD. GEM Asset Management LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 3rd quarter valued at $378,000. Jane Street Group LLC grew its holdings in GraniteShares 2x Short TSLA Daily ETF by 61.3% in the 3rd quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock valued at $476,000 after buying an additional 27,519 shares in the last quarter. Finally, Canton Hathaway LLC purchased a new stake in GraniteShares 2x Short TSLA Daily ETF in the 2nd quarter valued at $64,000.

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.