GraniteShares 2x Short TSLA Daily ETF
TSDD
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 205 Hudson Street, 7th Floor New York NY United States of America 10013
- IPO Date
- Aug 28, 2023
- Website
- graniteshares.com
- Similar Companies
- Business
- GraniteShares 2x Short TSLA Daily ETF (TSDD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of two times (2x) the inverse (opposite) daily performance of the common shares of Tesla, Inc. (TSLA). The fund employs a strategy utilizing swap agreements and other financial instruments to achieve its leveraged inverse exposure to TSLA's stock price movements on a daily basis. It primarily serves sophisticated investors seeking short-term trading opportunities to profit from declines in Tesla's share price, with a focus on U.S. equity markets. The ETF offers a single core product: leveraged inverse daily exposure to TSLA through its TSDD ticker, listed on the Nasdaq exchange; it does not provide diversified portfolios or other underlying assets beyond TSLA-specific derivatives. GraniteShares operates as the issuer and investment manager, with the fund headquartered in New York, USA, and established in 2022 to capitalize on demand for single-stock leveraged ETFs amid rising retail trading interest. No major subsidiaries or parent entities are involved in its direct operations. In recent developments, GraniteShares expanded its single-stock ETF lineup in 2023-2024 with launches including additional Tesla-related products like the GraniteShares 2x Long TSLA Daily ETF (TSLR), reflecting strategic growth in the leveraged and inverse ETF segment amid volatile tech stock performance. The firm has pursued partnerships with authorized participants and market makers to enhance liquidity, while navigating regulatory scrutiny on leveraged ETFs from the SEC. No significant acquisitions, funding rounds, or name changes have occurred for TSDD specifically within the last two years, though GraniteShares continues to innovate in response to investor demand for targeted volatility products.