GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Short Interest Down 35.1% in April

GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 397,348 shares, a decline of 35.1% from the April 15th total of 611,934 shares. Approximately 8.5% of the company’s shares are sold short. Based on an average daily volume of 19,047,890 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSDD. Group One Trading LLC acquired a new position in GraniteShares 2x Short TSLA Daily ETF in the first quarter valued at $40,000. Optiver Holding B.V. boosted its holdings in GraniteShares 2x Short TSLA Daily ETF by 173.1% in the third quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock valued at $194,000 after acquiring an additional 12,224 shares during the last quarter. StoneX Group Inc. acquired a new position in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $320,000. Jane Street Group LLC boosted its holdings in GraniteShares 2x Short TSLA Daily ETF by 15.3% in the second quarter. Jane Street Group LLC now owns 16,371 shares of the company’s stock valued at $375,000 after acquiring an additional 2,167 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in GraniteShares 2x Short TSLA Daily ETF in the fourth quarter valued at $389,000.

GraniteShares 2x Short TSLA Daily ETF Trading Up 2.9%

Shares of GraniteShares 2x Short TSLA Daily ETF stock opened at $8.23 on Wednesday. GraniteShares 2x Short TSLA Daily ETF has a twelve month low of $6.57 and a twelve month high of $31.65. The business’s fifty day moving average price is $9.61 and its 200 day moving average price is $9.04.

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.