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

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large drop in short interest in the month of 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 short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF

An institutional investor recently raised its position in GraniteShares 2x Short TSLA Daily ETF stock. Jane Street Group LLC boosted its position in shares of GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) by 61.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

GraniteShares 2x Short TSLA Daily ETF Stock Performance

TSDD traded down $5.37 during trading on Wednesday, reaching $28.28. The company had a trading volume of 858,142 shares, compared to its average volume of 1,084,840. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $24.20 and a 12 month high of $768.80. The business’s fifty day moving average price is $41.46 and its 200 day moving average price is $132.38.

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.