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

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

GraniteShares 2x Short TSLA Daily ETF Stock Performance

Shares of GraniteShares 2x Short TSLA Daily ETF stock traded down $0.19 during trading hours on Friday, hitting $2.56. The company’s stock had a trading volume of 4,904,319 shares, compared to its average volume of 2,423,308. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $2.34 and a twelve month high of $38.44. The firm has a fifty day moving average of $5.68 and a 200-day moving average of $10.71.

Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF

Large investors have recently modified their holdings of the business. GEM Asset Management LLC acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF in the 3rd quarter valued at $378,000. Jane Street Group LLC lifted its stake in GraniteShares 2x Short TSLA Daily ETF by 61.3% during the 3rd quarter. Jane Street Group LLC now owns 72,399 shares of the company’s stock worth $476,000 after acquiring an additional 27,519 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter worth about $64,000.

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.