Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Drops By 37.6%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 81,900 shares, a drop of 37.6% from the August 15th total of 131,200 shares. Based on an average daily trading volume, of 1,688,800 shares, the days-to-cover ratio is presently 0.0 days.

GraniteShares 2x Short TSLA Daily ETF Trading Up 4.4 %

Shares of GraniteShares 2x Short TSLA Daily ETF stock traded up $0.38 during trading on Monday, reaching $9.09. The company’s stock had a trading volume of 130,394 shares, compared to its average volume of 726,653. GraniteShares 2x Short TSLA Daily ETF has a one year low of $7.74 and a one year high of $38.44. The business’s fifty day moving average price is $10.24 and its 200-day moving average price is $18.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC boosted its position in shares of GraniteShares 2x Short TSLA Daily ETF by 104.3% in the fourth quarter. IMC Chicago LLC now owns 45,842 shares of the company’s stock valued at $714,000 after acquiring an additional 23,408 shares during the period. ST Germain D J Co. Inc. bought a new position in GraniteShares 2x Short TSLA Daily ETF during the first quarter valued at about $125,000. Finally, Canton Hathaway LLC bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the second quarter valued at approximately $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.