GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Update

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 743,900 shares, a decline 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 short-interest ratio is currently 0.0 days.

GraniteShares 2x Short TSLA Daily ETF Stock Up 7.0 %

TSDD stock traded up $1.97 during mid-day trading on Thursday, reaching $30.25. 357,929 shares of the stock traded hands, compared to its average volume of 1,011,863. The business has a 50-day moving average of $41.46 and a two-hundred day moving average of $132.38. GraniteShares 2x Short TSLA Daily ETF has a 52 week low of $24.20 and a 52 week high of $768.80.

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. GEM Asset Management LLC purchased a new position in shares of GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,500 shares of the company’s stock, valued at approximately $378,000. GEM Asset Management LLC owned about 2.70% of GraniteShares 2x Short TSLA Daily ETF as of its most recent SEC filing.

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.