Short Interest in GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Increases By 88.1%

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 576,867 shares, an increase of 88.1% from the August 15th total of 306,659 shares. Based on an average trading volume of 4,834,230 shares, the short-interest ratio is presently 0.1 days. Currently, 20.0% of the company’s shares are short sold.

Institutional Investors Weigh In On GraniteShares 2x Short TSLA Daily ETF

Institutional investors have recently modified their holdings of the stock. IMC Chicago LLC increased its position in shares of GraniteShares 2x Short TSLA Daily ETF by 58.4% during the 1st quarter. IMC Chicago LLC now owns 126,083 shares of the company’s stock valued at $1,316,000 after purchasing an additional 46,502 shares during the last quarter. Optiver Holding B.V. raised its holdings in GraniteShares 2x Short TSLA Daily ETF by 7.6% during the 1st quarter. Optiver Holding B.V. now owns 24,203 shares of the company’s stock valued at $253,000 after buying an additional 1,713 shares during the period. Finally, Group One Trading LLC bought a new stake in GraniteShares 2x Short TSLA Daily ETF in the first quarter worth $40,000.

GraniteShares 2x Short TSLA Daily ETF Trading Down 4.5%

TSDD opened at $7.68 on Friday. The stock has a 50-day moving average of $9.08 and a 200 day moving average of $8.93. GraniteShares 2x Short TSLA Daily ETF has a 12 month low of $6.57 and a 12 month high of $12.55.

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.