GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 115,500 shares, an increase of 86.9% from the January 31st total of 61,800 shares. Based on an average trading volume of 1,088,300 shares, the days-to-cover ratio is currently 0.1 days.
GraniteShares 2x Short TSLA Daily ETF Trading Down 8.2 %
Shares of TSDD opened at $55.35 on Friday. The business’s 50-day moving average is $35.87 and its 200-day moving average is $94.66. GraniteShares 2x Short TSLA Daily ETF has a fifty-two week low of $24.20 and a fifty-two week high of $768.80.
Hedge Funds Weigh In On GraniteShares 2x Short TSLA Daily ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its position 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 worth $476,000 after purchasing an additional 27,519 shares during the last quarter. SG Americas Securities LLC bought a new position in GraniteShares 2x Short TSLA Daily ETF during the fourth quarter valued at approximately $504,000. IMC Chicago LLC bought a new stake in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter worth approximately $557,000. SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter worth $141,000. Finally, Prosperity Wealth Management Inc. bought a new position in shares of GraniteShares 2x Short TSLA Daily ETF during the 4th quarter valued at $491,000.
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.
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