GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Sees Significant Decline in Short Interest

Posted by Donald Scott on Jan 14th, 2025

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) was the target of a large drop in short interest in 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 trading volume of 17,353,400 shares, the days-to-cover ratio is presently 0.0 days.

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

A hedge fund recently raised its stake in GraniteShares 2x Short TSLA Daily ETF stock. Jane Street Group LLC lifted its holdings in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Free Report) by 61.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,399 shares of the company’s stock after buying 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 as of its most recent SEC filing.

GraniteShares 2x Short TSLA Daily ETF Stock Down 4.4 %

Shares of GraniteShares 2x Short TSLA Daily ETF stock opened at $32.51 on Tuesday. GraniteShares 2x Short TSLA Daily ETF has a 12-month low of $24.20 and a 12-month high of $768.80. The stock’s fifty day moving average is $2.82 and its 200-day moving average is $6.97.

GraniteShares 2x Short TSLA Daily ETF Company Profile

(Get Free Report)

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.