TSDD

GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF

$10.94

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

The GraniteShares 2x Short TSLA Daily ETF (TSDD) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the common stock of Tesla, Inc. (TSLA).

Overview

ETF tracking GraniteShares ETF Trust GraniteShares 2x Short TSLA Daily ETF

Category Inverse

Issuer Other

Inception Date 2023-08-22

Market Cap $89.7M

Average Volume N/A

Dividend Yield N/A

52-Week Range $8.45 - $88.74

VWAP $11.22

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its inverse leverage objective. It does not invest directly in Tesla stock.

✨ Key Features

Provides 2x daily inverse exposure to Tesla stock performance
Resets daily, so longer-term returns may not match 2x the inverse of Tesla's performance
Designed for short-term, tactical trading rather than long-term buy-and-hold
Extremely high volatility and risk, not suitable for most retail investors

⚠️ Primary Risks

Significant daily rebalancing risk, which can magnify losses over time
Potential for large and unexpected losses, especially in volatile markets
Lack of long-term performance history, making it difficult to evaluate
Liquidity risk due to low assets under management and trading volume

👤 Best For

This ETF is designed for experienced, sophisticated traders who have a high risk tolerance and are looking for short-term, speculative exposure to Tesla's stock price movements. It is not suitable for long-term investors or those with a low risk appetite.