GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Up 341.6% in September

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 361,700 shares, an increase of 341.6% from the August 31st total of 81,900 shares. Based on an average daily volume of 1,877,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of GraniteShares 2x Short TSLA Daily ETF

A hedge fund recently bought a new stake in GraniteShares 2x Short TSLA Daily ETF stock. Canton Hathaway LLC bought a new position in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,100 shares of the company’s stock, valued at approximately $64,000. Canton Hathaway LLC owned 0.17% of GraniteShares 2x Short TSLA Daily ETF as of its most recent filing with the Securities and Exchange Commission.

GraniteShares 2x Short TSLA Daily ETF Stock Down 0.7 %

TSDD stock traded down $0.05 during midday trading on Wednesday, hitting $6.91. The stock had a trading volume of 158,166 shares, compared to its average volume of 765,452. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $6.80 and a 12-month high of $38.44. The company’s 50-day moving average price is $10.16 and its 200 day moving average price is $17.28.

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.