GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD) Stock Price Up 0.6% – Here’s Why
by Michael Walen · The Markets DailyShares of GraniteShares 2x Short TSLA Daily ETF (NASDAQ:TSDD – Get Free Report) shot up 0.6% during mid-day trading on Wednesday . The stock traded as high as $7.53 and last traded at $7.31. 12,861,309 shares changed hands during mid-day trading, an increase of 102% from the average session volume of 6,357,581 shares. The stock had previously closed at $7.27.
GraniteShares 2x Short TSLA Daily ETF Stock Up 0.6%
The stock has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $15.06.
Institutional Trading of GraniteShares 2x Short TSLA Daily ETF
A number of institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its position in GraniteShares 2x Short TSLA Daily ETF by 173.1% during the third quarter. Optiver Holding B.V. now owns 19,286 shares of the company’s stock valued at $194,000 after purchasing an additional 12,224 shares during the period. Jane Street Group LLC increased its position in GraniteShares 2x Short TSLA Daily ETF by 15.3% during 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. Jump Financial LLC bought a new position in GraniteShares 2x Short TSLA Daily ETF in the second quarter valued at about $495,000. StoneX Group Inc. bought a new stake in shares of GraniteShares 2x Short TSLA Daily ETF during the 2nd quarter valued at about $427,000. Finally, SBI Securities Co. Ltd. increased its position in shares of GraniteShares 2x Short TSLA Daily ETF by 357.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,492 shares of the company’s stock valued at $57,000 after purchasing an additional 1,947 shares during the last quarter.
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.